Ethereum (ETH) could be gearing up for a violent breakout — and some believe a $4,000 target may arrive sooner than expected.
That’s the bold claim from crypto analyst @nobrainflip, who shared what he calls the “best $ETH long setup I’ve seen in years.” According to his analysis, short positions on Ethereum have reached all-time highs, liquidity has been swept on both sides, and the market is “confused” — a setup that often precedes explosive moves.
As ETH hovers just below $2,500, the tension is building. Could this be the calm before the storm?
Analyst: Liquidity, Confusion, and Short Pressure Create the Perfect Storm
In a Twitter thread that quickly went viral, @nobrainflip broke down why Ethereum might be on the edge of a major move:
- Short interest just hit ATH — the last time this happened, ETH doubled in four weeks
- Liquidity has been swept both above and below key levels, setting the stage for a squeeze
- Market confusion is at a peak, and historically, these moments precede sharp directional moves
He’s now targeting $4,000 by the end of summer, rotating capital into ETH and altcoins while most traders remain skeptical.
“Most doubt ETH & alts right now — I’m betting $4K this summer,” he wrote.
Accompanying the thread were charts showing bridged net flows and liquidity inflow metrics, both signaling growing institutional and retail interest flowing back into Ethereum after weeks of hesitation.
Price Analysis: ETH Holds Above Key Support, Prepares for Next Leg
Looking at the daily ETH/USD chart, Ethereum is currently trading around $2,476, maintaining a consolidation range after rebounding from a local low near $2,200 earlier this month.
Here are the key technical levels to watch:
- Immediate resistance sits around $2,600, which previously rejected multiple breakout attempts in early June
- Support remains firm near the $2,300–2,350 range, where buyers aggressively stepped in post-dip
- A break above $2,600 could open the door to the $2,800–3,000 range, with less friction on volume profiles
- If momentum sustains, $3,500–4,000 becomes a realistic upside target, especially if shorts begin to unwind
Source: Tradingview
On a broader scale, Ethereum still lags significantly behind Bitcoin’s recent surge past $100K. This valuation gap has led many to believe that ETH is fundamentally undervalued, especially in light of:
- The Pectra upgrade, which improved transaction handling and staking flows
- Surging on-chain dominance, including top performance in net flows and gas fees
- Renewed altcoin interest, with ETH historically leading the altseason charge
Final Thoughts: Could Ethereum Be the Fuse That Ignites Altseason?
Whether you’re a trader or long-term holder, it’s hard to ignore the signals stacking up for Ethereum. With shorts overloaded, liquidity primed, and sentiment still skeptical, ETH may be positioned for a textbook squeeze.
As the analyst suggests, the perfect breakout often comes when no one expects it — and Ethereum may be approaching that moment right now.
If ETH clears $2,600 with conviction, the $3K level is next — and $4K might just follow faster than most think.
