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
“It puts a smile on my face to smoke ath shorts today. Said In an X post on Friday.
On Friday, the small position of about $ 105 million in Ether (Eth) was liquid, which represented a total of about 53% of $ 199.61 million across the shorts in the shorts held from the entire crypto market, as Ether crossed the level of $ 4,000 for the first time since December 2024. According To coinglass.
The price of ether increased as a day as $ 4,060, which represents an increase of 4.6% in the last 24 hours, before retreating by $ 4,015 at the time of publication, According To Nansen.
Crypto trader ash crypto Said The actual test will be $ 4,100 value level, which they called “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 trader 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 For data.
Recently, there have been some major value predictions for ether. After this $ 4,000 broke, 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 Ether on Thursday has a “bitcoin 2017 moment” and can reach $ 16,000.
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