surrealist5N1K
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#ETH4500Next?
Ethereum is currently trading at $4,224.65. The highest recorded during the day was $4,315.79, and the lowest was $4,155.30.$ETH
Technical Status:
• The $4,000 level has formed a strong support zone in recent days, and ETH has managed to stay above this level.
• Sustained closures above the $4,100 level could pave the way for the resolution of short squeezes.
• Breaking the $4,200 resistance could challenge short margin positions while potentially pushing the price to the $4,400–$4,500 range.
Background:
• The increase in open interest for futures contracts indicates new capital inflow into ETH and the formation of a strong demand structure. This could be part of a “short squeeze” environment.
• Institutional purchases, ETF demand, and increasing integration into staking infrastructure are strengthening the fundamental power if ETH gains upward momentum.
Summary:
If Ethereum can hold above $4,100, the likelihood of testing the $4,500 level in the coming days increases. Although this level has previously acted as resistance, volume and momentum may be different this time.
Ethereum is currently trading at $4,224.65. The highest recorded during the day was $4,315.79, and the lowest was $4,155.30.$ETH
Technical Status:
• The $4,000 level has formed a strong support zone in recent days, and ETH has managed to stay above this level.
• Sustained closures above the $4,100 level could pave the way for the resolution of short squeezes.
• Breaking the $4,200 resistance could challenge short margin positions while potentially pushing the price to the $4,400–$4,500 range.
Background:
• The increase in open interest for futures contracts indicates new capital inflow into ETH and the formation of a strong demand structure. This could be part of a “short squeeze” environment.
• Institutional purchases, ETF demand, and increasing integration into staking infrastructure are strengthening the fundamental power if ETH gains upward momentum.
Summary:
If Ethereum can hold above $4,100, the likelihood of testing the $4,500 level in the coming days increases. Although this level has previously acted as resistance, volume and momentum may be different this time.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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