Ethereum dey $4,200; $2B Liquidation Wahala, Eye on $5K Breakout
Ethereum dey consolidate around di $4,200 support level after small dip for 24 hours. Data from CoinGlass show say $2 billion long positions fit go for liquidation if Ether fall to $4,200. Dis setup don cause short interest pass long positions, increase di chance of short squeeze wey fit push Ethereum go $4,500 or even higher. For di bullish side, institutional demand still strong: BitMine add $1.7 billion ETH to their treasury, raise their holdings by 373,000 coins. Traders dey watch for clear break above $4,500 to show say rally fit happen go $5,000 level. Meanwhile, some investors dey eye low-cap altcoins like Rollblock (RBLK), wey dey for presale now at $0.068 and offering over 500% early returns. Rollblock get live iGaming platform, deflationary tokenomics, and staking rewards wey make am a speculative GameFi and DeFi gem. As Ethereum dey hold key support and dey look for breakout, both ETH and new tokens like RBLK deserve close attention from traders wey dey find di next market move.
Bullish
Ethereum dey hold ground for di $4,200 support as dem dey face $2 billion long liquidation threat. Dis position fit bring short squeeze and breakout. For history, when dis kin consolidation happen near big supports and short interest dey rise, e lead to quick rebound, like e happen for early 2023. Plus, institutions like BitMine wey dey still dey accumulate dey show say technical setup and on-chain demand dey bullish. If ETH fit clear $4,500, traders fit target $5,000 next. Meanwhile, high-risk, high-reward presale projects like Rollblock (RBLK) dey attract speculative trades, matching the wider bullish vibe for both blue-chip and low-cap segments.