Post
Yiz13
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#ETHBreaks4000 The price of $ETH , like that of other cryptocurrencies, is determined by supply and demand on cryptocurrency exchanges. There is no single calculator; instead, the value fluctuates based on buying and selling.
The $4,000 milestone is not new for $ETH . Its previous all-time high was in November 2021, when it surpassed $4,800. However, the subsequent bear market brought its price down to much lower levels.
Recently, Ethereum has once again broken this barrier. This resurgence is due to several key factors:
Institutional capital inflows and Ethereum ETFs: The interest and investment from large institutions through exchange-traded funds (ETFs) have injected a significant amount of money into the market.
Network upgrades: The implementation of improvements in the Ethereum network, such as the recent Pectra upgrade, has enhanced its functionality and efficiency, generating confidence in the ecosystem.
Altcoin rally: Ethereum has benefited from a widespread rally in the "altcoin" market (cryptocurrencies alternative to Bitcoin), driven by positive news in the sector.
"Short squeeze" effect: As the price of $ETH
{spot}(ETHUSDT)
rose, many traders who had bet against it ("short" positions) were forced to buy ETH to cover their losses, further driving the price upward.
The fact that Ethereum has surpassed this key price suggests a strong bullish trend and renewed interest from investors, both retail and institutional. #Write2Earn #CryptoIn401k #altcoins #BinanceSquareFamily
The $4,000 milestone is not new for $ETH . Its previous all-time high was in November 2021, when it surpassed $4,800. However, the subsequent bear market brought its price down to much lower levels.
Recently, Ethereum has once again broken this barrier. This resurgence is due to several key factors:
Institutional capital inflows and Ethereum ETFs: The interest and investment from large institutions through exchange-traded funds (ETFs) have injected a significant amount of money into the market.
Network upgrades: The implementation of improvements in the Ethereum network, such as the recent Pectra upgrade, has enhanced its functionality and efficiency, generating confidence in the ecosystem.
Altcoin rally: Ethereum has benefited from a widespread rally in the "altcoin" market (cryptocurrencies alternative to Bitcoin), driven by positive news in the sector.
"Short squeeze" effect: As the price of $ETH
{spot}(ETHUSDT)
rose, many traders who had bet against it ("short" positions) were forced to buy ETH to cover their losses, further driving the price upward.
The fact that Ethereum has surpassed this key price suggests a strong bullish trend and renewed interest from investors, both retail and institutional. #Write2Earn #CryptoIn401k #altcoins #BinanceSquareFamily
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