Ether saw the biggest small position of the day in all crypto assets on Friday, as its price exceeded $ 4,000, some analysts said it could set the platform for a small squeeze.
The rally took a quarrel over the recession traders to Eric Trump, son of US President Donald Trump.
$ 4.1k is now important for “short squez”, trader says
Trump said in an X post on Friday, “It puts a smile on my face to smoke Ath shorts today.
On Friday, a small position of about $ 105 million in Ether (Eth) was liquid, representing a total of $ 199.61 million in total $ 199.61 million from the entire crypto market, as Ether crossed the level of $ 4,000 for the first time since December 2024.
According to Nansen, the price of ether rose to $ 4,060 a day, representing an increase of 4.6% in the last 24 hours before the publishing back by $ 4,015 at the time of publication.
Crypto businessman Ash Crypto stated that the actual test would be a level of $ 4,100, which he called a “major resistance”.
“If Ethi breaks $ 4100, it can trigger a small squeeze that will send Eth to $ 4400- $ 4500 in a few hours,” Ash Crypto said.
Ether optimism is increasing in Crypto industry
Crypto businessman Ted said, “This is never a boom in my opinion,” pointing to the growing institutional interest in Ether and the demand for Ether ETF.
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In the last four trading days, Spot Ether ETF has seen around $ 537 million in inflow, according to Perside data.
Recently, there have been some major value predictions for ether. After this it was ahead of $ 4,000, the crypto trader mustache said, “I know it seems wild, but I think ETH will go to $ 10,000+.”
Meanwhile, Fundstrat’s co-founder Tom Lee said on Thursday that Ether has a “bitcoin 2017 moment” and it can reach $ 16,000.
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