Ethereum (ETH) has surged past $4,000, triggering $184 million in short liquidations as bullish momentum builds.
Why ETH Is Rallying
📈 18% weekly gain – Strong buying pressure
💰 $326M ETF inflows (Aug 4-8) – Institutional confidence returns
🔥 Short squeeze in full force – Bears caught off guard
Key Market Signals
🔹 Futures open interest up 10% ($51.61B) – Traders back the rally
🔹 Short liquidations dominate ($184M vs. $24M longs)
🔹 Support holds at $3,909 – Critical for continued upside
What’s Next for Ethereum?
Bullish Scenario
✅ Holds $3,909 support → Targets $4,430 resistance
✅ Breakout could test ATH ($4,827)
Bearish Risk
⚠️ Failure below $3,909 → Possible drop to $3,340