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Unveiling: What are the Reasons Behind the Severe Selling Pressure After ETH Breaks $4100?
Ethereum (ETH), as a leading cryptocurrency, has been widely watched since its inception. On December 16, 2024, ETH prices broke through the $4100 mark, setting a new historical high, but the severe selling pressure that followed intensified market volatility. This phenomenon has sparked widespread discussion and analysis, and this article will explore the serious selling pressure reasons and impacts after ETH broke $4100 from multiple perspectives.
1. Background of ETH Breaking $4100
Before analyzing selling pressure, we need to understand why ETH was able to break through $4100. On December 16, 2024, ETH prices continued to rise and broke through the $4100 mark, with Ethereum's market capitalization reaching $474,009,454,916 according to Coingecko data. This breakthrough was mainly due to several factors:
1. Background of ETH Breaking $4100
Before analyzing selling pressure, we need to understand why ETH was able to break through $4100. On December 16, 2024, ETH prices continued to rise and broke through the $4100 mark, with Ethereum's market capitalization reaching $474,009,454,916 according to Coingecko data. This breakthrough was mainly due to several factors:
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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