🚀 Ethereum Breaks $4,000. What Is Driving This Explosion?
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📈 Highlights of the Price Movement
• Key dates: August 8 and 9, 2025
• Significant rise: from $3,914 to $4,200 (+6.57% in 24h)
• Explosive volume: 646,459 ETH traded in the first wave and 714,461 ETH in the second, more than three times the daily average
• Current support: $4,155–$4,160
💡 Factors That Fueled the Rise
• Short liquidations: $207 million in short positions eliminated, generating buying pressure
• On-chain wealth effect: appreciation attracted both whales and small investors
• Positive sentiment: use of terms “buy” and “positive” doubled compared to “sell” and “negative” (Santiment data)
🔮 Analyst Projections
• Miles Deutscher: predicts market rotation — ETH leads, then BTC (target $120k–$140k), and finally, smaller altcoins
• Michaël van de Poppe: calls the rise “insane movement” and warns of buying risks at the top, but sees potential for new records
⚠️ Attention: Investor overconfidence may lead to temporary pauses in the upward trend.
