Ethereum (ETH) $4,201.62attracted attention with its accelerating rise on the last two process days. On Friday, August 8, Ethereum has exceeded $ 4,000 for the first time since December 2024 and exceeded an important resistance point. This rise, which came with the increasing volume of transactions, continued with reaching the level of 4,200 dollars on the Binance Exchange on Saturday morning, August 9th. Ethereum, while the news was prepared around 4.165 dollars in the last 24 hours by increasing approximately 6.57 percent.
Technical Developments and Transaction Volumes
Market analysts say there are technical breaks behind the latest rally in Ethereum and shifts in investor positions. Miles Deutscher, according to Coings data, the last 24 hours of the short position of about $ 207 million in the short position, pointed out that these purchases accelerated the rise, he said. He also stated that both big investors and small investors are in profit due to the effect of on-a sepilization in the Ethereum ecosystem, and that this could increase the orientation of risky tokens.
Deutscher predicts that the market can experience a three -stage rotation. In the first stage, Deutscher, who is waiting for a movement in Altcoins under the leadership of Ethereum, then Bitcoin 
$117,201.16He claimed that the transition to the transition could be experienced and the level of $ 120,000-140,000 for BTC can be targeted. In the last stage, he argued that there may be a return to Ethereum and small tokens.
Analyst Opinions and Investor Behavior
Crypto currency analyst Michaël Van de Poppe described Ethereum’s rise to $ 4,200 as a “crazy movement ve and warned that purchasing from these levels may be risky. His evaluation was as follows:
I observe that Ethereum is preparing to exit towards record levels. However, turning to ETH ecosystem projects can provide higher return in the ongoing momentum.
Van de Poppe also said that the strengthening in Ethereum may pave the way for significant increases in subcoins and that portfolios may be advantageous for being prepared for the return of the market. On the other surface, the On-Chain Analysis Platform centimeter associated Ethereum’s output over $ 4,000 with the increase in the positive investor language.
The use of expressions such as “purchase” and “positive” of individual investors doubled the expressions “sales” and “negative”. But more self -confidence can lead to short -term pauses in the rise trends. ” in the form of evaluation.
Price movements and consolidation tendency
According to Coindesk Research’s technical analysis model, Ethereum increased by 6 percent between August 8 GMT 07:00 and 9 August 06:00 to $ 4,914,59 to $ 4,160.29. In this process, prices were traded between 3,885,03 and $ 4,194,53. Especially at the first exit on August 8 at 13:00, prices increased by 646,459 ETH -$ 4,000, and this volume reached almost three times the 24 -hour average.
In the second rise wave from August 9 at 05:00, prices reached 4.194,53 dollars. Volume was far above the daily average with 714,461 ETH. In the last hour of the day, $ 4,194,53 in the last hour of $ 4,194,53, $ 42 instant price fluctuations took place.
The price with profit realization that started after short -term purchases was balanced just below the level of $ 4,200, which is thought to have psychological importance. Analysts believe that the $ 4.155-4.160 range can play a role as a support level in the short term.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
