Ether saw the largest compact position during the day in all cryptocurrency assets on Friday, because its price exceeded USD 4,000, and some analysts say that this can prepare a scene for a compact squeeze.
The rally led to Eric Trump, son of US President Donald Trump, taking a stab at Barish Traders.
$ 4.1,000 is now the key to the “short squeezing”, says Trader
“It brings a smile on my face to see how Eth shorts are smoked today. Stop betting against BTC and ETH – you will drive”, Trump he said In post X on Friday.
On Friday, approximately $ 105 million in the ether (ETH) was liquidated, which is about 53% from the total 199.61 million dollars from the liquidation from the entire cryptographic market, because Ether exceeded the price of $ 4,000 for the first time since December 2024. According to to Couminglass.
The price of Ether has increased even during the day by 4,060 USD, which is an augment of 4.6% in the last 24 hours, before recovering to USD 4 015 at the time of publication, According to To Nansen.
ASH CRYPTO. he said The real test will be the price of USD 4,100, which he called “the main resistance”.
“If ETH breaks USD 4,100, it can cause a short impression that ETH sends to 4400–4500 USD in just a few hours,” said Ash Crypto.
Ether optimism is growing in the cryptographic industry
Ted Trader Crypto he said“In my opinion, it has never been so stubborn,” indicating the growing institutional interest in ether and the demand for ETF ETF.
Related: Ethereum is inside? ETH Sell-Pressure goes $ 419 million, the second highest level in history
Over the past four commercial days, ETF Spot Ether has recorded inflows of around $ 537 million, According to to distant data.
Recently there have been grave price forecasts for ether. After breaking $ 4,000, Crypto trader mustache he said“I know it sounds wild, but I think ETH will go to $ 10,000.”
Meanwhile, co -founder of Fundstrat Tom Lee he said On Thursday, this ether has its “Bitcoin 2017” moment and can reach up to USD 16,000.
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