Ethereum Price Plummets Below $3,000: Potential Short Squeeze Looms

Ether price witnessed a notable drop to $3,055 on Tuesday, wiping out over $1.3 billion in long positions across exchanges. This move triggered a significant shakeup in the crypto market, with short positions near $4,000 now poised for a potential short squeeze. A hidden bullish divergence suggests a potential bottom at around the $3,000 mark.