📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
On Friday, the Ethereum market saw a strong rebound, with prices breaking through the psychological barrier of $4000, reaching a new high since 2024. This rise has attracted widespread attention in the Crypto Assets market, while also placing significant pressure on short positions.
According to CoinGlass data, on Friday alone, Ethereum caused about $105 million in short positions to be liquidated, accounting for 53% of the total $199 million in short liquidations across the entire crypto market. This data highlights Ethereum's dominant position and influence in the current market.
Market analysts generally believe that $4100 will be the next key resistance level. Crypto trader Ash Crypto pointed out: "If Ethereum can break through $4100, it is very likely to trigger a wave of short positions covering, and the price may soar to the $4400-4500 range in a short period."
Although the price has slightly retreated after reaching a high of $4060, the overall market sentiment remains optimistic. According to data from Nansen, Ethereum's rise within 24 hours has reached 4.6%, showing strong upward momentum.
It is worth noting that this wave of rise has also sparked heated discussions on social media. Some well-known figures have also expressed their views, reflecting the growing influence and attention of the Crypto Assets market.
As the price of Ethereum rises, market expectations for its future trend are also heating up. Many analysts believe that if it can solidly break through the $4100 mark, it may attract more buying pressure, further pushing up the price.
However, market participants also need to remain vigilant and closely follow potential risk factors, such as changes in regulatory policies and the macroeconomic environment, all of which could have a significant impact on the Crypto Assets market.
Overall, Ethereum breaking through the $4000 barrier is undoubtedly an important milestone, as it reflects the market's confidence in the Ethereum technology and ecosystem, and injects new vitality into the entire Crypto Assets market. Next, the market will closely follow whether Ethereum can break through $4100 and establish a foothold at higher price levels.