🚀 ETH Fuel Accumulation, Is 5000 Within Reach?
Bad News:
The recent surge in ETH has wiped out most of the short liquidity above the new highs, leading to a short-term lack of “fuel” for further increases.
Good News:
Shorts are undeterred, and in just one night, a large amount of liquidity has been rebuilt above 5000 — this is equivalent to new “ammunition” filling the warehouse again.
Therefore, it is highly likely that this weekend's market will primarily experience fluctuations, with little chance of continued increases.
However, starting next week, the probability of ETH attempting to reach 5000 is becoming increasingly likely.