Ether is currently experiencing a historic short squeeze, with a 10% price increase potentially liquidating another $1 billion in shorts. Ether’s price gains could lead to a $4,000 rebound, making it one of July’s top performers in the crypto market. Bitcoin’s dominance has dropped to March lows as capital flows into altcoins for quicker returns.

Read more at Cointelegraph.: $4,000 ETH Price Is Due ‘Soon’ As Ether Shorts Suffer