Ethereum (ETH) Blasts Past $4K — $105M Shorts Wiped as MATIC & ARB Ride Layer-2 Breakout Momentum

Ethereum has broken through the $4,000 mark for the first time in eight months. The move has sparked a wave of short liquidations in the crypto market. Alongside this surge, layer-2 tokens like MATIC and ARB are riding strong breakout momentum, fueling optimism across the market. Meanwhile, MAGACOIN FINANCE is catching attention as a promising new project. Its presale is moving fast, and the project is drawing interest from investors looking to get in early on the next big project. MAGACOIN FINANCE Presale Moving Quickly as Demand Surges While Ethereum pushes higher, MAGACOIN FINANCE is also gaining momentum. It is one of the tokens that many investors consider as a promising opportunity, given that it enjoys the general market optimism brought by the ETH rally. Experts say presale is moving quickly. The rapid presale activity is an indicator of the high demand and the increased community interest in this new project. MAGACOIN FINANCE is gaining popularity among cryptocurrency enthusiasts due to its combination of an impressive growth trajectory and strong fundamentals. ETH Price Surge Triggers Largest Short Liquidation of the Day The price jump of ETH past $4,000 has triggered losses to short positions. According to CoinGlass data, $105 million worth of Ether short positions were liquidated in just 24 hours. The liquidations made up over half of the total shorts wiped out in the whole crypto market. The price climbed to $4,060 before settling just above $4,000. The strong move showed just how much buying pressure there is behind ETH right now. Eric Trump even chimed in on social media, telling his followers to stop betting against Bitcoin and Ether. He highlighted how the shorts got “smoked” and warned bears that the momentum is too strong to ignore. Why $4,100 Is a Key Level for Ethereum Analysts have also observed that a key resistance area is around the $4,100 mark. A break and close above it is likely to generate a new buying boom and drive ETH to either $4,400 or maybe even to $4,500 within a short period of time. Traders are getting excited by this potential short squeeze. Additionally, spot Ether ETFs have seen inflows of over $537 million in the last four days, indicating institutional interest in Ethereum. Different analysts have given varied predictions that range fr0m $10,000 to $16,000 in the coming months, provided that the initial momentum is sustained. Final Thoughts The market is demonstrating new signs of strength, with Ethereum racing past $4,000 and causing massive short liquidations. Significant breaks in the major resistance and institutional interest may drive ETH even higher. Meanwhile, MAGACOIN FINANCE has established itself as a new alternative for investors seeking to take advantage of the current momentum. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Ethereum (ETH) Blasts Past $4K — $105M Shorts Wiped as MATIC & ARB Ride Layer-2 Breakout Momentum