Short squeezes in Micro Ether Futures could emerge if ETH breaches $3,300, as current short interest is elevated. Risk management remains key as macro news could trigger sudden reversals. Ether was among the standout movers, surging past $2,900 in a strong follow-through move from last week’s breakout. The token’s recent strength has been tied to renewed interest in Ethereum staking flows and positive sentiment following the Pectra upgrade — though no new headline catalyst emerged on Monday. As prices for Bitcoin and other digital currencies soared over the past few years, crypto futures trading surged. Part of that growth likely reflects the fact that futures allow exposure to an underlying asset (a “hot” asset, in the case of crypto) without going to the trouble and taking the risk of buying the actual asset. Crypto hedge funds increased long exposure in Micro Ether Futures as ETH’s 50-day moving average turned upward. This signals potential medium-term bullish sentiment.