Analyzing the status of Ethereum's short squeeze and what it means for you

Ethereum’s CME short pressure eased as arbitrage trades unwinded, reducing structural drag on the priceETH’s fundamentals remain strong, but fresh catalysts are needed to ignite a sustained breakoutEthereum [ETH] may still be waiting on a macro spark to rally; but the structural weight that’s been dragging it down is finally easing. The massive short positions opened on CME Ethereum Futures late last year, driven by arbitrage trades exploiting a sky-high basis, have now been largely unwound.While not an outright bullish trigger, this cleanup removes a key source of market pressure, resetting the stage for a potential breakout.If the right catalysts emerge.Structural strength, stalled priceAMBCrypto recently reported on Ethereum’s resilient fundamentals – Rising whale accumulation, strong DeFi dominance with over $190 billion in TVL, and a historically undervalued MVRV Z-Score. On-chain data pointed to growing network activity and early signs of re-accumulation, hinting that ETH could b...