Ethereum has finally climbed above the $4000 threshold, a battleground for suckers around the world. It just broke through $4000, a day worth remembering! It's the fourth attempt in eight years; every time it gets close to this number, it crashes - a big dump of 65% in 2021, two retracements of over 40% in 2024, and it also stumbled in July this year. Now, all eyes on the entire network are glued to the Candlestick chart, with both long and short positions holding 677 million short orders and 1.247 billion long orders like a powder keg; if the price grazes past 4000, it will blow up the shorts, and if it falls below 3800, it will explode the longs.

Whales are playing even wilder: on one side, an anonymous big player has just dumped 49 million USD worth of ETH into the exchange, preparing to run away, while on the other side, institutions are buying 40.5 million USD worth of it off-exchange, and a company is applying for 5 billion in financing to wait for a bottom. Retail investors are caught in the middle - afraid of buying in and catching a falling knife, and afraid of missing out on a short position. Technical analysts are watching the MACD death cross and the tug-of-war signal at RSI 60, while fundamental analysts are betting on a 92.7% probability of ETF funds and a Fed rate cut in September.
Historical data suggests that the probability of breaking 4000 has risen to 85%, with targets looking at 4200 to clear stuck positions, 4800, and even reaching 5500. But don't forget that last December, when similar selling pressure emerged, ETH was directly halved by 66%. Now, the derivatives position has surged to a historical peak of 51.3 billion, with a liquidation volume of 260 million in a single day, 90% of which are short positions. — This position will either explode into a sea of stars or blow through the suckers' pants.
The gentleman is more inclined towards the stars and the sea, breaking 4877 and directly soaring into the sky to become a devastated star!!! This bull market relies on you! #ETH巨鲸增持 #8月开始以太坊肯定会破4500