🚀 Ethereum Blasts Past $4,200! 📈🔥 Highest Price Since Dec 2021!

📅 August 10, 2025

Ethereum (ETH) has just delivered a 7% surge in a two-day rally, smashing through the $4,200 mark — a level we haven’t seen since December 2021! 🏆💎

💥 The pump was fueled by $207M in short liquidations, with ETH breaking the key $4,000 resistance on Friday, igniting fresh buying momentum and paving the way for Saturday’s big move.

📊 Market Insights:

🔹 Miles Deutscher explains the "On-Chain Wealth Effect" — as ETH rises, both whales 🐋 and retail investors 💼 often rotate profits into smaller, riskier altcoins for higher gains. This rotation can further accelerate ETH’s rally.

🔹 He predicts 3 stages ahead:

1️⃣ Short altseason led by ETH

2️⃣ Rotation back to BTC 🚀 (targeting $120K – $140K)

3️⃣ Final wave into ETH & small-cap tokens — the possible cycle peak!

⚠️ Michael van de Poppe calls the $4,200 move a "wild run" and warns of high risk at these levels. While he sees ETH eyeing its all-time high, he suggests looking inside the ETH ecosystem for better ROI opportunities — as ETH’s strength could spark massive altcoin gains.

📢 Santiment Data:

On Aug 8, ETH closed above $4,000 for the first time since Dec 2024 🗓️ — retail chatter around “buy” and “bullish” skyrocketed, signaling strong market euphoria. But beware: overconfidence can trigger short pullbacks.

📉 Technical Picture:

From $3,914.59 on Aug 8 ➡️ $4,160.29 on Aug 9 📈 — trading volume tripled, two major breakouts confirmed, price touched above $4,190 before mild profit-taking set in.

🔍 Bottom Line:

ETH is flexing serious market strength 💪 — but volatility is still in play. Traders, keep your eyes on the charts and your risk in check. ⚖️

💬 What’s Your Move? Are you buying, rotating to alts, or waiting for BTC’s turn? 👇$ETH

$BTC

$SOL

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