Momentum from short liquidations could drive ETH’s price up: If Ethereum reaches 4,000 USD, many short liquidations may occur, creating strong momentum for the price. This is a critical milestone to watch.
Key support and resistance levels: The immediate resistance level is 3,800 USD; if surpassed, Ethereum may advance to 4,000 USD. Conversely, breaching the 3,300 USD threshold could lead to adjustment.
Price volatility may occur: The price increase to 4,000 USD may entail significant market fluctuations. Caution is needed in anticipation of potential movements.
Leave a Reply