Ethereum ‘God Candle’ Incoming: Will ETH Price Reach $4000?

Key Points

1. Ethereum is the only top-10 non-stablecoin asset with a 27% increase in futures volume and a 6% rise in open interest, indicating fresh positioning without excessive leverage.

2. Crypto analyst Kaleo predicts a 'god candle' could propel ETH to $4,000 this week, citing strong market momentum.

3. ETH price has risen 4.32% to $3,185, with $73.19 million in short positions liquidated in the last 24 hours.

4. SharpLink Gaming purchased $225 million worth of Ethereum, increasing its holdings to 280,000 ETH, signaling institutional interest.

5. The market remains volatile, with ETH needing a 25% increase to reach $4,000, a level last seen in December 2024.