#ETHBreaks4000 $ETH

Ethereum's price surge above $4,000 on Friday triggered a massive wipeout of short positions, with approximately $105 million in Ether shorts liquidated, accounting for 53% of the total $199.61 million in shorts liquidated across the entire crypto market. This significant price movement caught the attention of prominent figures, including Eric Trump, who took to social media to poke fun at bearish traders, tweeting, "Stop betting against BTC and ETH - you will be run over".

*Key Price Levels and Predictions*

$4,100 Resistance Level: Trader Ash Crypto considers this a major resistance point, predicting a potential short squeeze that could drive Ether's price to $4,400-$4,500 if breached.

Short-Term Outlook: CoinCodex predicts Ethereum will reach $4,453.96 by September 8, 2025, with a potential 10.58% increase.

- *Long-Term Projections: Fundstrat's Tom Lee likens Ether's current situation to Bitcoin's 2017 moment, forecasting a potential surge to $16,000. Another trader, Moustache, predicts Ether will exceed $10,000 ¹.

*Market Sentiment and Institutional Interest*

Growing Optimism:Crypto trader Ted notes increasing institutional interest in Ether and demand for Ether ETFs, with spot Ether ETFs seeing around $537 million in inflows over the past four trading days.

Bullish Sentiment: According to CoinCodex, Ethereum's current sentiment is bullish, with 30 technical indicators signaling bullish signals and 2 signaling bearish signals