Ethereum Don Pass $4,300 Wit $247M Short Squeezes, Eyen All-Time High
Ethereum price don pass $4,300 for first time for 2025, hit $4,332 for OKX and mark almost 7% gain for 24 hours. The rally na happen because new buyers plus one big short squeeze wey clear $247 million in ETH positions—pass Bitcoin liquidations well well. Analyst dem talk say if Ethereum fit hold above $4,000 support level, next resistance na around $4,430. If e fit break am success, e go pave road go Ethereum all-time high near $4,870.
Meanwhile, Bitcoin still dey around $116,000, Ethereum dey carry market momentum. For staking side, Ethereum get high exit interest: about 470,000 ETH dey wait to unstake compared to only 50,000 ETH wey dey enter validator queue. This one mean some investors wan free their assets to stay sharp during volatility.
Bullish
Ethereum don break pass $4,300 and di big $247 million short squeeze show say momentum strong for di market. For history, big short-liquidation dem like di one wey happen for March 2024 ETH rally don usually lead to better price rise as people wey short start to buy back their positions badly, make di trend even strong. If price fit stay above $4,000, market go start look try break di $4,430 resistance. If e break well, e fit make e test di old all-time high wey be about $4,870. For short term, traders fit see small small price fall after di squeeze, but di main trend remain positive because demand strong and supply dey reduce as people dey exit. Long term, as people dey use Ethereum more and network get upgrade, e go make di bullish trend strong well well.