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.
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ParallelChainMaxivip
· 08-09 03:52
bearish traders have sent performance again
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LoneValidatorvip
· 08-09 03:48
Are the bearish traders doing well today?
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DisillusiionOraclevip
· 08-09 03:47
It's going to fall below the issue price again, extinguish extinguish extinguish.
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BlockchainArchaeologistvip
· 08-09 03:32
Short positions must be crying in the toilet now.
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HackerWhoCaresvip
· 08-09 03:30
Don't care about short positions.
View OriginalReply0
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