Ethereum (ETH), the sector’s second-splendid cryptocurrency, would be on the verge of an explosive switch as market metrics suggest unusual trader positioning.
In conserving with Glassnode, Ethereum stands out because the handiest top 10 nonstablecoin asset with increased futures volume over the final 24 hours, representing a 27% amplify. Originate passion is additionally up 6%, while funding stays just at 0.0047%, indicating unusual positioning however no indicators of indecent leverage.
#Ethereum stands out because the handiest top-10 non-stablecoin asset with rising futures volume over the last 24h (+27%). Originate Hobby is additionally up (+6%), while funding stays just at 0.0047% – suggesting unusual positioning, however with out indicators of indecent leverage. pic.twitter.com/wKLWIXrhdu
— glassnode (@glassnode) July 16, 2025
In conserving with smartly-liked crypto analyst Kaleo, an explosive switch, dubbed a “god candle,” would be on the horizon, maybe propelling ETH to $4,000 this week.
“God candle to $4,000 this week. Honestly although, wouldn’t be stunned if we ogle one thing esteem this play out after this day’s data. Don’t allow them to shake you out if it happens anon. Up handiest rapidly,” Kaleo posted on X.
This can show a seemingly high-volatility breakout, every so steadily identified as a “god candle” – a single worthy, mercurial green candle on the chart that indicates overwhelming aquire pressure.
Ethereum impress: ETH to $4,000 rapidly?
The Ethereum (ETH) impress has no longer reached $4,000 since December 2024, and reaching it now would require a 25% amplify from unusual costs, an audacious switch however no longer not seemingly on crypto’s unstable market.
Ethereum has jumped 4.32% on the day to $3,185 amid a 20% amplify over the last seven days, because the mania for publicly traded corporations accumulating ETH continues.
The switch has pushed Ethereum’s impress to its most practical level since the commence of February, liquidating $73.19 million in shorts in the final 24 hours, in step with CoinGlass.
SharpLink Gaming bought $225 million charge of Ethereum earlier this month, the firm talked about on Tuesday. It has therefore develop into the splendid Ethereum treasury public firm, with its most most unique acquisition growing its overall holdings to 280,000 ETH.
