Ethereum Squeeze: Is Shorting This Token a Risky Bet?

Ethereum prices have surged 20.6% in just one week, exceeding key resistance levels and hitting a new all-time high above $4,300. This rapid rise has sparked interest from large whales who are accumulating significant ETH holdings while traders continue to bet on a price drop. But is shorting Ethereum profitable right now? 221,000 ETH were recently acquired by major players like FalconX and Galaxy Digital, further tightening the sell-side liquidity pool. This accumulation has created a dynamic short squeeze scenario.