The price of ETH broke through $4,300 this morning, setting a new high for 2025. In the past 24 hours, the amount of liquidated short positions on ETH reached $247 million, resulting in heavy losses for short sellers. (Background: Eric Trump, the son of former President Trump, warned 'Don't short BTC or ETH now: You will get squeezed.') (Additional background: Arthur Hayes' latest prediction: Bitcoin will reach $250,000, Ethereum $10,000, by the end of the year.) Ethereum continued to rise this morning (October 10) and broke through $4,300, with OKX data reporting a high of $4,332. It increased nearly 7% in the past 24 hours, lifting the sentiment of Ethereum investors to a peak. Analysts believe that if ETH can maintain above $4,000, the next resistance level is around $4,430. If it successfully breaks through, it will pave the way for Ethereum to return to its historical high of $4,870. Meanwhile, the price of Bitcoin continues to fluctuate slightly around $116,000, while ETH stands out. The reasons for the rapid short-term rise of ETH, besides the continuous buying pressure, also include significant contributions from liquidated short positions. According to Coinglass data, the amount of liquidated short positions on ETH in the past 24 hours reached $247 million, far exceeding the scale of BTC, highlighting the intensity of short squeezes on ETH. The amount of ETH exiting staking remains high. On the other hand, according to the PoS validator tracking website validatorqueue, the current number of ETH waiting to exit staking is approximately 470,000, while the staking demand from new validators is less than 50,000. This indicates that many investors are choosing to allow their ETH to be more flexible at the current price to face potential volatility. Related reports: Arthur Hayes (the price relationship of stablecoins) full text: 'Stop buying Circle stocks, go long Bitcoin.' Arthur Hayes: Bitcoin's weakness is 'temporary,' the Fed will soon turn on the printing press.

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