Ethereum has finally climbed above the $4000 mark.

Ethereum has finally climbed above the $4000 threshold, which is a battleground for global retail investors. It just surged to $4200, a day worth commemorating! This is the fourth attempt in eight years, and every time it approaches this number, it crashes -- a 65% drop in 2021, two rounds of over 40% retracement in 2024, and it also stumbled in July this year.
Now the whole network's eyes are glued to the K-line, with 677 million short positions and 1.247 billion long positions set for liquidation on both sides. If the price touches 4000, it will blow up the shorts, and if it falls below 3800, it will liquidate the longs.
Whales are playing even wilder: on one side, an anonymous big holder just dumped 49 million USD worth of Ether into the exchange preparing to run away, while on the other side, institutions are scooping up 40.5 million USD in OTC purchases, and some companies are applying for 5 billion in financing waiting to buy the dip.
Retail investors are caught in the middle - afraid to buy in case they are left holding the bag, and afraid to short in case they miss out.
Fundamental bets on ETFs and a 92.7% probability of a Fed rate cut in September.
Now this position is either flying towards the stars and the sea or continuing to consolidate.
Follow along and slowly become rich together. #加密货币# wealth mindset #Ethereum
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