The next upgrade is coming soon, do you know how many times the next upgrade will occur? What are the key points of the upgrade? When is the time frame? The selling pressure from that upgrade in Shanghai has already been fully digested 😰 Trying to predict the market ultimately gets beaten by the market 😅 We just need to follow the trend.

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: