- Ether’s price surpassed $4,000, causing the largest short position liquidation in the crypto market on Friday.
- About $105 million in Ether short positions were liquidated, making up over half of all crypto short liquidations that day.
- Traders identified the $4,100 price level as a key resistance point, with potential for a further sharp increase if broken.
- Spot Ether ETFs saw inflows of approximately $537 million over the last four trading days, indicating rising institutional interest.
- Price predictions from analysts set potential future targets for Ether between $10,000 and $16,000.
Ether (ETH) experienced a significant price increase on Friday, climbing above $4,000 and triggering extensive liquidations of short positions across the cryptocurrency market. The price rise led to approximately $105 million in Ether short positions being liquidated, or about 53% of all crypto short liquidations that day, according to data from CoinGlass.
The upward move saw Ether reach as high as $4,060 before settling near $4,015, representing a 4.6% gain in 24 hours, as reported by Ethereum&tab=transactions” rel=”nofollow noopener” target=”_blank”>Nansen. Total liquidations for Ether over the past 24 hours were about $129 million.
In response to the market movement, Eric Trump commented on social media, stating, “It puts a smile on my face to see ETH shorts get smoked today. Stop betting against BTC and ETH – you will be run over.” Trader Ash Crypto identified $4,100 as a key resistance point, saying, “If ETH breaks $4,100, it could trigger a short squeeze which will send ETH to $4,400-$4,500 in just a few hours.”
Optimism for Ether continues to increase within the crypto community. Crypto trader Ted described the current sentiment as “never been this bullish in my opinion,” citing growing institutional demand and rising interest in Ether exchange-traded funds (ETFs). According to Farside data, spot Ether ETFs have recorded about $537 million in inflows over the past four trading days.
Recent analysis has pointed to bold future price targets for Ether. Trader Moustache noted the potential for Ether to reach $10,000. At the same time, Fundstrat co-founder Tom Lee compared Ether’s current price action to Bitcoin in 2017 and indicated a possible target up to $16,000.
Spot Ether ETFs and increased trading activity have played a central role in recent market movements, with growing interest from both individual and institutional investors. Other analysts have noted elevated selling pressure but also highlighted the strength of recent inflows and bullish sentiment.
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