🚀 Ether's price is revving up for a potential breakout, with the $4,000 mark in sight. Over the past week, Ether's price has surged by over 27%, turning resistance levels into support. 📈
Crypto trader Jelle predicts new highs and all-time highs are next. Meanwhile, Bitcoin's decreasing dominance suggests traders are shifting their focus to Ether. 🔄
Positive developments surrounding the first spot Ether ETFs are fuelling the current price rally. Reports suggest the U.S. SEC might approve spot Ether ETFs, potentially due to political pressure. 🎉
However, the $4,000 mark poses significant resistance. A move above this level could liquidate over $433 million worth of cumulative leveraged short positions. 😱
What do you think, folks? Will Ether break the $4,000 mark or face a setback? Let's discuss in the comments! #Ether #CryptoNews #DeFi #Web3 #Technology