
Ethereum (ETH) has surged over 19% in the past week, leaving a trail of liquidated short positions worth $200 million. In the last 24 hours, ETH gained 7.5%, briefly flirting with $4,300 before settling near $4,250. Meanwhile, Bitcoin, the old guard of crypto, limps along with a modest 3% weekly increase. Ethereum’s dominance grows, pushing the total crypto market cap closer to $4 trillion. On-chain analyst Tracer boldly proclaimed on X that Ethereum is “about to break 4-year resistance,” adding, “$12,000 is not just a dream anymore.” Oh, how dreams can inflate like balloons at a child’s birthday party! 🎈