Ethereum’s price is hovering near a crucial $4,200 support level, with over $2 billion in long positions at risk of liquidation if this level breaks. Analysts warn that a drop below $4,200 could trigger a cascade of forced selling across exchanges. Meanwhile, institutional short positions on ETH have reached record highs, creating tension between spot ETF accumulation and futures positioning. Key events like the FOMC minutes, jobless claims, and Powell’s speech could further influence market direction. Traders are bracing for high volatility as ETH navigates these critical levels and macroeconomic factors.
about $2B ETH Longs at Risk if Price Dips Below $4,200Quinten
0 posts last weekEthereum Faces Resistance at 2700 Amid Mixed Market Signals
Ethereum’s recent surge to $2,826 quickly retraced to $2,700, raising concerns about the sustainability of its rally. Despite a record low supply on exchanges and increased whale holdings, traders are cautious, noting a lack of strong demand and a potential test of lower levels before any upward movement. Meanwhile, significant inflows into U.S. Spot Ethereum ETFs and a spike in large transaction volumes indicate growing interest, even as daily active addresses decline.
about Ethereum Faces Resistance at 2700 Amid Mixed Market SignalsEthereum Bull Run Predicted with $5000 Target Following ETF Approval
Ethereum is poised for a significant rally, with analysts predicting a potential surge to $5,000 by March, driven by historical trends following Bitcoin’s halving and increased whale accumulation. Major players, including institutions, are strategically buying ETH, further bolstered by the recent approval of Bitwise’s Ethereum ETF, which could attract substantial institutional investment. With on-chain metrics indicating bullish signals, the stage is set for Ethereum’s next major move.
about Ethereum Bull Run Predicted with $5000 Target Following ETF Approval