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- 🎉 Gate Square — Share Your Funniest Crypto Moments & Win a $100 Joy Fund!
Crypto can be stressful, so let’s laugh it out on Gate Square.
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10 creators with the funniest posts
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Hashtag #MyCryptoFunnyMoment is requ - 🚀 Gate Square Event: #GateNewbieVillageEpisode8
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💬 Trading Quote: The market tests you, but panic is the only real loss.
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Who is right? The battle of traders for the future of Ether at $4,500 ⚔️
What a surge Ether had, a 3.5% increase that left us all with our jaws on the floor while it flirted with $4,500. The interesting part was seeing how it escaped that liquidity trap at $4,200. Technical analysts are already celebrating patterns that supposedly guarantee we will keep rising. Jelle even talks about “price discovery” - that uncharted territory where value can skyrocket uncontrollably.
But let's be realistic. Trader Popeye warns us to stay calm. For him, we are still trapped in a range and need to close above $4,500 to confirm a true breakout. If we fail, we are going straight to $4,100. Personally, I think he is right to be cautious.
What fascinates me is that this rise was not driven by futures ( those risky bets that speculators love so much ), but by spot demand. People buying real ETH, with the intention of holding it. Although this seems positive, I wonder if a rally can be sustained without those aggressive traders pouring in money.
Furthermore, although a certain popular exchange is recording impressive volumes with altcoins, ETH is not the main protagonist. Data from CryptoQuant confirms that selling pressure is still present. It seems that, despite the general enthusiasm, Ether is not the first choice for those looking for quick profits.
The decisive factor will be the daily close. If ETH manages to stay above $4,500, we could see $4,800 or even $5,000 soon. But if it falls… we go back to square one. Will this be the beginning of something big or just a mirage before another drop? I lean towards the latter, but the market always surprises us.
ETH Created with Highcharts 10.2.1 3952,05 +0.80%