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Ethereum (ETH) price has broken through the 4000 USD mark, showing a strong upward momentum in the market. According to exchange liquidation data, bulls still hold a dominant position, and this situation seems difficult to change in the short term.
After breaking through $4000, the market has encountered almost no significant resistance, which confirms previous market expectations. Some investors may question whether there is a possibility of institutional manipulation of the market, but in fact, the current market trend resembles a strong trend that has formed naturally.
In this major trend, investors trying to go against the tide often find it difficult to succeed. The current market situation can be described as bullish investors are accumulating advantages like a "snowball", while bearish investors are constantly under pressure.
For investors who still hold short positions, it may be time to reassess their market stance. In the current market environment, sticking to shorting could pose greater risks. The market seems to be leaning towards the bulls, and this trend may continue in the short term.
Overall, the strong performance of ETH reflects the overall optimistic sentiment in the cryptocurrency market. Investors need to closely monitor market trends and adjust their investment strategies in a timely manner.