According to Santiment, gold has experienced a surge in interest among traders, with its price exceeding $3,000 for the first time and continuing to rise. This shift in focus comes as the cryptocurrency market has seen a decline over the past few months, leading to increased FUD (Fear, Uncertainty, and Doubt) among traders.

According to Greeks.live, the possibility of a short squeeze driving Ethereum ($ETH) to $3,000 is a topic of discussion. Current market conditions, including open interest and short positions, suggest a potential for significant price movement if a squeeze occurs. Traders should monitor key resistance levels and market sentiment indicators for opportunities. The analysis by Greeks.live highlights the importance of watching how short interest evolves as it could trigger rapid price increases if shorts are forced to cover. Source: Greeks.live

According to Michaël van de Poppe, Ethereum ($ETH) has historically only experienced more than three consecutive months of decline during the onset of the 2018 bear market. Van de Poppe estimates that there is an over 80% chance that $ETH will exceed $3,000 by September.