Ethereum has recently surged above 4,000 USD due to whale wallet activities, including the accumulation of 667 million USD in ETH. This trend has resulted in the largest short liquidation in months, indicating strong bullish momentum.
The circulating supply of ETH has officially surpassed 121 million, reflecting an ongoing increase in issuance. However, traders are advised to remain cautious as profit-taking could trigger price corrections.
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