Analyst says that Ethereum could hit $ 12k after breaking $ 4.2k

The second largest cryptocurrency in the world due to market capitalization has been blamed for the first time since December 2021 for the first time since December 2021, $ 4,200, so that $ 207 million in shorts was liquidated in the process.

The movement has aroused the interest of Market Watchers, where some claim that it is the launch platform for a historic run to $ 12,000, even if others still feel that it is a brutal pear trap.

Extreme Bull sees $ 12k

The fire of fuel was pseudonymous on-chain analyst tracer, who told Their more than 312,000 followers on X that “$ ETH is about to break 4-year resistance … $ 12,000 is not just a dream anymore.” According to them, a confirmed breakout would unleash a “monster rally” that would demand immediate positioning.

They were not only in their enthusiastic, with YouTuber Crypto Rover prediction A run to $ 6,000 on the back of the institutional recording of the cryptocurrency.

“As soon as BlackRock’s spot $ ETH strike ETF is approved. We teleport to $ 6,000,” the influencer explained.

Glassnode data gives some credibility to their optimism, remark A “sharp rise in both first buyers and momentum buyers”, a sign of new question that comes on the ETH market.

The Run van Ethereum beyond $ 4,200 barrier was driven by a weekly win of 19%, with a jump of 7.5% in the last 24 hours with more than $ 200 million in lifting tree positions on the sword and drawing cheers from improbable corners. Even Eric, the son of US President Donald Trump, tweeted:

“It puts a smile on my face to see that Eth Shorts are being smoked today. Stop bet against BTC and ETH – you will be run over.”

Beert whisper of an imminent settlement

However, not everyone does not celebrate. Listed analyst and self-proclaimed ETH-Skepticus Egrag Crypto unveiled A hair -raising plan: “If #eth / #BTC closes above 0.039 … I am planning to shorten the shit from #eth.” He sees this pump as a potential setup for a huge, portfolio-enhancing short opportunities and calls it ‘personal revenge’.

Even Bullish Voices Like Michaël from the Poppe Are insistent Caution at these levels: “It is a bit too risky to buy $ ETH at these highlights”, he placed X and advised investors to rotate capital in the ETH eco system for a better risk/reward.

With ETH now less than 15% under his all time high and Momentum buyers who accumulate, the call of $ 12,000 no longer seems pure fantasy for the permabulls. Nevertheless, Egrag’s Loerschoks and Van de Poppe’s warning about overloaded prices must be grim memories: Parabolic movements can end in pain.