Ethereum continued to rise this morning, breaking through $4,300, with OKX data reporting a high of $4,332, up nearly 7% in the past 24 hours, pulling Ethereum investor sentiment to a high point. Analysts judge that if ETH can continue to stabilize above $4,000, the next resistance level is around $4,430, and if successfully broken, it will pave the way for Ethereum to return to its historical high of $4,870.
Meanwhile, Bitcoin's price continues to fluctuate slightly around $116,000, with ETH standing out.
In addition to continuous buying, the fuel for ETH's rapid short-term rise also comes from short sellers' liquidations. Coinglass data shows that in the past 24 hours, the liquidation amount of short ETH reached $247 million, far exceeding BTC's scale, highlighting the intensity of ETH short squeeze.
ETH Exit Staking Quantity Remains at High Point
On the other hand, according to PoS validator tracking website validatorqueue data, the current number of Ethereum network staking exits is around 470,000, compared to less than 50,000 for new validators joining. It appears that many investors are choosing to make their ETH more flexible at the current price to face potential volatility.
