Are you also wondering whether this breakthrough of Ethereum is really a leap forward? Recently, ETH has risen by more than 5%, and most holders are already making profits. This is simply an unprecedented bull market signal! More than 90% of Ethereum holders are now making money. Who would have thought that the former short position has almost collapsed. The market seems calm, but the undercurrent behind it indicates that a shocking outbreak is coming! #以太坊时刻到来？
However, the question is - can the key barrier of $4,000 be broken? This is a nightmare that keeps all traders awake! According to market data, if ETH breaks through $4,000, it is expected that $1.43 billion of short positions will be closed instantly, and these short funds will quickly flow into the market, pushing the price of Ethereum soaring! Imagine how desperate the shorts in the market will be in just a few hours, and how a large amount of funds will be forced to cover, and what kind of price reaction will this trigger? #市场波动，加仓还是观望？
The current market sentiment is much more complicated than you think. According to data from IntoTheBlock, 90.8% of ETH holders are profitable, which means that the selling pressure is almost negligible. And those holders who are losing money simply have no ability to pull prices down in the current market environment, and the buying power of the entire market is constantly increasing. If ETH breaks through $4,000, those shorts who are desperate because of losses will be completely defeated, and their closing of positions will further accelerate price increases!
What’s even more exciting is that the US dollar index is declining, and the bulls have lost their advantage! Have you heard that Trump’s remarks caused market fluctuations? This factor will directly affect the trend of the US dollar, and the weakening of the US dollar is the catalyst for the rise of crypto assets such as ETH! As the US dollar weakens, market funds will flow to other assets, especially ETH, and this trend has become increasingly obvious. The weakness of the US dollar is the biggest boost to ETH’s rise, which is also the most critical turning point in the current crypto market.
Moreover, the $6.2 million banana artwork that Justin Sun ate may be a signal that the determination of funds to flow into the crypto market has been revealed. Institutions such as Pantera Capital are also increasing their holdings of ETH. Recently, they have steadily increased their holdings of ENA by $8 million. These actions are undoubtedly a strong optimism about the future of ETH.
So, the question is, how far can ETH go in the future? The answer seems to be getting clearer and clearer: as market sentiment heats up further, the power of the shorts will completely collapse when it breaks through $4,000. And this will also be an unprecedented outbreak! Ethereum's surge will be more violent and faster than you can imagine! Don't underestimate the power of the market, this wave of market may be the craziest bull market our generation has seen.
If it breaks through $4,000, ETH will break through its all-time high in a short period of time, and breaking through $5,000 is not a dream! The collapse of shorts and the influx of market funds will bring ETH an extremely fierce upward trend in the next few weeks. For those who still wait and see, they may miss this historic feast of wealth.
