ether (Eth) He jumped to $ 4,200 on Binance early on Saturday, the highest level since December 2021, after a two -day gathering fueled by heavy trading and $ 207 million in short qualifiers.
This step was followed on Friday over $ 4000 for the first time since December 2024, a technical teacher that attracted the new purchase and his theater on Saturday higher.
Miles Deutscher He said This forced purchase helped accelerate the assembly. In a previous post, it is Described “The effect of wealth on the chain”: With the high prices of ETH, both adult holders and retailers believe that their positions turn into a profitable, which led them to re -customize the capital into smaller and higher symbols in the pursuit of greater gains. He said this dynamic can amplify the marches behind the ETH itself.
Deutscher also Appointed The market rotation may take three stages that are expected to take months: the ETH mini mini mini season, which is Bitcoin’s rotation that BTC can raise about $ 120,000 -140,000 dollars, while Altcoins lags back, and finally returning to ETH and signs of smaller symbols for the potential “Ralloff” that puts a mark on the peak of the cycle.
Michaël Van de Poppe The name On Saturday, he paid $ 4200 a “land step” and warned that purchasing at high levels carries greater risks. While he sees ETH in a hacking position towards its highest levels ever, he has argued that the allocation of capital for projects within the ECHECIS system may achieve better percentage returns if the momentum continues. It is too He said Earlier, the ongoing ETH power can determine this stage to achieve great gains in Altcoins, which is likely to be a wider market recycling bonus.
Market intelligence platform male The height of this ETH was above 4000 dollars on August 8 was the first since December 16, 2024, and it came with a sharp increase in the upscale language of retail merchants. It mentions terms such as “purchase” and “Al -Saudi” almost double compared to “sale” and “landing”. The company has warned that excessive confidence can sometimes lead to a short -lived stop even during a strong rise.
It highlights technical analysis
- According to the technical analysis model of Coindesk Research, between August 8 at 07:00 UTC and August 9 at 06:00 UTC, ETH rose from $ 3,914.59 to 4,160.29 dollars, by 6 %, trading between 3,885.03 dollars and 4,194.53 dollars.
- The first outbreak occurred at 13:00 UAE time on August 8, prompting prices to $ 4,000 on 646,459 ETH in size, or nearly three times an average of 218,847 ETH.
- The second increase in 05:00 UTC on August 9th raised prices to the peak of the $ 4,194.53 session on 714,461 ETH in size, again more than three times the daily average.
- In the last hour (Aug 9, 05: 19-06: 18 UTC)ETH moved from 4,157.33 dollars to 4,194.53 dollars before declining to 4,158.50 dollars, with $ 42.52 in fluctuations inside the day.
- She pushed prices for a short period above 4,190 dollars before setting profits, putting support between 4,155 dollars and $ 4,160, indicating unification as larger player in the gains near the level of 4,200 dollars.
Slip: Parts of this article were created with the help of artificial intelligence tools and reviewed by our editorial team to ensure accuracy and commitment Our standards. For more information, see Coindsk Full Policy Artificial Intelligence.
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