💥 $ETH breaks the $4000 barrier for the first time since 2024
ETH/USDT is currently trading at 4020.08 with a rise of +3.51%, after breaking a historical resistance that stood firm for 518 days. This move is not just a price jump, but a technical turning point that could reshape the entire market trend. 🔥
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📊 Technical Analysis:
• More than $119 million in short positions were liquidated in 24 hours
• The RSI and MACD indicators support the upward momentum without excessive overbought conditions
• The price gap on Coinbase has turned positive, reflecting institutional buying pressure
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🐋 Fundamental Factors:
• SharpLink Gaming purchased 21,959 ETH worth $85.46 million in just 4 hours
• Fundamental Global made an offer to buy ETH worth $5 billion as a strategic treasury asset
• Whales added 1.8 million ETH to their wallets in one month
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🔮 What’s Next?
If the weekly price closes above the $4000 level firmly, the next targets may extend to:
- $4200
- $5000
- And possibly $6400 if momentum continues
📌 But... if stability fails, we may see a new rejection that brings the price back toward $3800 – $3600 as critical support areas
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