Analysis: If ETH breaks through the key resistance level of $4,100, it may quickly rise to $4,400-4,500

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PANews
08-09
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PANews reported on August 9th that according to Cointelegraph, the optimistic sentiment in the cryptocurrency industry towards ETH is rising. ETH's price broke through $4,000 on Friday, triggering approximately $105 million in ETH short liquidations, but potential price increases may set the stage for further short squeezes.

Analyst Ash Crypto pointed out that the real test will be the key price resistance level of $4,100. If this price level is breached, it could trigger a short squeeze and stimulate ETH to quickly rise to $4,400-$4,500.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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