ETH currently sitting at a critical juncture. Market data shows almost $4 billion worth of short positions could face liquidation if Ethereum manages to push past the $3,500 threshold. That's a massive amount of leverage stacked on the bearish side.

This setup creates an interesting dynamic—shorts piling up at these levels means we could see accelerated upward movement if that resistance breaks. When liquidations cascade, they often trigger rapid price action as forced buying kicks in.

Whether you're trading the breakout or just watching from the sidelines, $3,500 is definitely the number everyone's eyeing right now for ETH.