Kobisi analyzed that Ethereum is about to achieve a record selling pressure, reaching close to $4000 soon.
The current price is $3553.
If it rises by 10%, a billion sell orders will be liquidated.
This wave of Ethereum's rise is extremely fierce; it simply punishes short sellers.
I believe this heralds a summer of decentralized finance, especially after the GENIUS law banned stablecoins, and money will flow into Ethereum deposits.
Including yesterday's net inflows of $400 million in ETFs and the increase in trading whales, the market is gaining momentum.
In the short term, beware of the correction support, but once it surpasses $4000, the altcoin season will begin.
It is advisable to hold Ethereum and wait for its rebound, and not rush to increase leverage.
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