Ether (Eth) He jumped at $ 4,200 in Binance on early Saturday, the highest since December 2021, after a two -day rally fed by a large negotiation and $ 207 million in brief settlements.
The measure followed the break on Friday above $ 4,000 for the first time since December 2024, a technical milestone that resorted to a new purchase and prepared the stage for the thrust of the highest Saturday.
Thousands Deutscher said these forced repurchases helped accelerate the rally. In a previous publication, he described a “effect of wealth on the chain”: as the price of ETH increases, both large holders and retail investors see that their positions become profitable, which leads them to reallocate capital in tokens of greater risk in search of greater profits. This dynamic, he said, can amplify the manifestations beyond ETH.
Deutscher also mapped a three-stage market rotation that expects months to develop: a mini altcoin season led by ETH, a rotation in Bitcoin that could raise BTC to $ 120,000- $ 140,000 while Altcoins delays, and finally a change in eth and smaller tokens for a possible “Blowoff” that rises in the peak of the cycle.
The cryptographic analyst Michaël Van de Poppe called on Saturday to $ 4,200 a “wild movement” and warned that buying at such high levels entailed a higher risk. While see Eth prepare for a break towards the maximums of all time, he argued that assigning capital to projects within the ETH ecosystem could offer better percentage yields if the impulse continues. He also said that ETH’s continuous force could prepare the stage to obtain substantial profits in the alternatives, potentially rewarding positioned wallets for a broader market rotation.
The Mercado Santimento Platform said that the ETH rise above $ 4,000 on August 8 was the first since December 16, 2024, and arrived with a strong increase in the bullish language of retail merchants. The mentions of terms such as “buy” and “Alcista” doubled more or less compared to “sell” and “bassist.” The firm warned that excess confidence can sometimes lead to short -term breaks even during strong bullish trends.
TECHNICAL ANALYSIS
- According to the technical analysis model of Coindesk Research, between August 8 at 07:00 UTC and August 9 at 06:00 UTC, ETH increased from $ 3,914.59 to $ 4,160.29, a gain of 6%, which quotes between $ 3,885.03 and $ 4,194,53.
- The first break occurred at 1:00 p.m. UTC on August 8, pushing prices above $ 4,000 in 646,459 ETH in volume, almost triple the average of 24 hours of 218,847 ETH.
- A second increase at 05:00 UTC on August 9 raised prices to session peak of $ 4,194.53 in 714,461 ETH in volume, again more than triple the daily average.
- In the last hour (August 9, 05: 19–06: 18 UTC)ETH went from $ 4,157.33 to $ 4,194.53 before withdrawing at $ 4,158.50, with $ 42.52 in intra -field swings.
- Buy prices briefly exceeded above $ 4,190 before establishing profits, establishing support between $ 4,155 and $ 4,160, which suggests consolidation as larger players locked in profits near the psychological level of $ 4,200.
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