Ethereum Short Position Surge 40% In A Week, ETH Price Crash Ahead?

Ethereum short positions have skyrocketed surging to more than 40% over the past week, the largest short position on the altcoin in history. This happens as the ETH price has seen strong selling pressure in recent weeks with short traders showing no signs of remorse. Analysts are weighing whether ETH could see further downfall or if a short squeeze is in the making.