Ethereum starts Saturday with a breakout above $4100, the highest level since December 2021. Only 17% remains until a new ATH. In the last 60 minutes, short positions in ETH worth $110,000,000 have been liquidated.
In the last month, whales purchased over 1.80 million Ethereum. With over 36 million coins currently staked, the increase in demand is causing a shortage, which affects price growth.
Today Eric Trump wrote: I smile seeing short positions in ETH getting crushed today. Stop betting against BTC and ETH - you will be crushed.
The largest inflows into ETFs since July: ETH saw a net inflow of $461 million yesterday, while BTC ETFs recorded $403 million.
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