Ethereum (ETH) has performed explosively in the past 24 hours, rising by 7%, with a weekly increase of nearly 20%, trading around $4200! This is the highest point since December 2021, a long-awaited breakthrough.

However, the joyous rise also brought about a "bloodbath" — in the past day, over $200 million in positions were liquidated, with $185 million being short positions that were severely "harvested." Cryptocurrency celebrity Eric Trump couldn't help but exclaim: "Seeing ETH shorts being punished makes me happy! Shorting BTC and ETH? Forget it, you will lose completely!"

In addition to Ethereum, other altcoins have also surged, and the market atmosphere is quite hot. Newbies in the crypto space, seize the opportunity and don’t miss this wave of rising tide!