Ethereum Price Hits 22-Week High: Breakout to $4k Imminent Amid Heavy Short Liquidation
2025-07-11 06:48:54
Main Idea
Ethereum's price surged to a 22-week high, surpassing $3,000, driven by strong institutional demand and heavy short liquidations, with analysts predicting a potential breakout to $4,000.
Key Points
1. Ethereum's price reached $3,020, marking a 7.9% daily gain and a 22-week high, with a market cap exceeding $363 billion.
2. Spot Ether ETFs recorded a record daily cash inflow of $383 million, led by BlackRock’s ETHA, boosting institutional demand.
3. Over $246 million was liquidated from the leveraged Ether market, primarily from short traders, contributing to the price surge.
4. Technical analysis suggests Ethereum is on the verge of a bullish breakout, with a midterm target of $4,000, supported by strong RSI and MACD indicators.
5. The ETH/BTC pair has been rallying for three weeks, potentially signaling the start of the 2025 altseason.
Description
Ethereum price has regained $3k for the first time since President Donald Trump took office earlier this year The U.S. spot Ether ETFs recorded the highest daily cash inflows of about $383 million on Thursday Technical analysis shows the Ether bullish momentum has more fuel to hit $4K Ethereum has surged past the key $3,000 level for the first time in 22 weeks, leading a broad altcoin market rally as Bitcoin also rockets to a new all-time high above $118,000 . Currently trading around $3,020 , E...
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