Ethereum Price Approaches Break Point, Risks $4.65 Billion Short Liquidation

Ethereum is poised for a potential breakout as its 20-day EMA acts as a strong support for bullish traders. Analysts warn that short positions worth an estimated $4.65 billion could be liquidated near the all-time high. The focus is now on $4,800 – the critical resistance level where a decisive move above could trigger a new rally phase.