In August 2025, the crypto battlefield is witnessing Ethereum (ETH) stage an 'epic short squeeze': from violently breaking through $4000 to hitting the previous high of 4325, in just a few days, over $200 million in short positions were blown up, with the largest single liquidation reaching $10.62 million! Even more magical — six months ago, shouting 'ETH aiming for 10,000' was met with ridicule, but now it has become an industry consensus?
One, Price Explosion: The 'Long-Short Stranglehold Battle' at the 4200 level
Current ETH price is 4268.09 USDT (1-hour chart), with the MA7 moving average (4264.65) closely following, and the MA30 moving average (4159.12) solidifying the 'support line'. After recently breaking through 4000, it surged to a new high since December 2024 but faced selling pressure and retreated at the previous high of 4325.
Data is 'Bloodier': In the past 24 hours, over 100,000 investors have been liquidated, with ETH contributing the 'largest single liquidation' ($10.62 million). Previous short-sellers have been liquidated consecutively on GMX and Hyperliquid, and the defeat of the shorts actually exposes the bulls' ambitions — institutions have already laid out their positions, just waiting for the shorts to 'hand over their heads.'
Two, Institutional Undercover War: ETF Net Inflows + Whale Buying Spree's 'Strategic Ambition'
ETH's Uptrend is a 'Hunting Game' Directed by Institutions and Whales:
ETF Crazy Fundraising: The U.S. spot ETH ETF has seen net inflows for 8 consecutive weeks, with BlackRock's ETHA leading, recently attracting over $500 million in just two weeks! Institutions are voting with real money, betting on ETH's 'yield-bearing asset' (staking) long-term value.
Whales Addicted to Hoarding: On-chain data reveals that a certain whale recently swept up 171,000 ETH (approximately $670 million), and addresses holding 'over 100,000 ETH' continue to accumulate — this is not short-term speculation but institutions treating ETH as 'Digital Gold 2.0.'
Policy Tailwind Unleashed: Trump signs an executive order allowing 401(k) retirement accounts to include cryptocurrencies, targeting 'trillion-dollar funds' towards assets like ETH to prepare for a rise.
Three, Technical Codes: Moving Averages and MACD Hidden 'Trend Signals'
Breaking Down the Technicals from the 1-Hour Chart:
Bullish Control of Moving Averages: MA7 (short-term) firmly holds above MA30 (mid-term), and the short-term upward momentum has yet to be exhausted.
MACD Hidden Turning Point: DIF (60.05) has crossed below DEA (63.51), but the MACD bars (-6.91) continue to show 'negative bar volume contraction', suggesting limited pullback strength, and bulls may be gathering strength for a rebound.
Volume Tests Truth: Rising with increased volume, pullbacks with decreased volume, funds clearly intend to 'buy the dip' —— After all, ETH, as the underlying infrastructure for DeFi, NFTs, and Layer 2, is being reassessed by institutions as the 'oil of the digital world.'
Four, Is the Pullback an Opportunity or a Trap? Focus on These Two Key Levels!
In the short term, 4325's previous high is strong resistance; if the breakthrough fails, ETH may retest MA30 (4159) to gather momentum. However, the mid-term trend is clear: institutional holdings + policy loosening + ecosystem prosperity are reconstructing ETH's valuation system — the '10,000 target' that was mocked six months ago is now surprisingly a consensus, showcasing the 'bullish faith transformation' magic in the crypto market.
The current soul-searching question — Are you brave enough to enter during the pullback? Or will you wait to chase after breaking 4325?
Want to predict whether ETH's next stop is 4500 or a deep pullback?
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