Can Ethereum’s ‘God Candle’ Propel ETH to $4,000? You Won’t Believe What Happens Next!

Ah, Ethereum (ETH), that exuberant second cousin of Bitcoin, is inching towards a more explosive affair than a tzar’s banquet! The astute market metrics appear to whisper sweet nothings of fresh trader positioning into our eager ears. How delightful! 🎉

According to the oracle of our times, Glassnode, Ethereum is the singular gem in the treasure chest of top ten nonstable coins, boasting a charming 27% increase in futures volume over the last 24 hours. Open interest has also pranced up like a peacock with a 6% rise, meanwhile, funding maintains a calm, collected neutrality at a quaint 0.0047%. So, fresh positioning abounds, without a trace of the weary extravagance that often plagues lesser mortals.✨

#Ethereum stands out as the only top-10 non-stablecoin asset with rising futures volume over the past 24h (+27%). Open Interest is also up (+6%), while funding remains neutral at 0.0047% – suggesting fresh positioning, but without signs of excessive leverage.

— glassnode (@glassnode) July 16, 2025

Our dear seer, Kaleo, proclaims that a magnificent “god candle” could soon illuminate our dusty charts, possibly launching ETH into the rarefied air of $4,000 this week. 📈

“God candle to $4,000 this week! Honestly though, wouldn’t be surprised if we see something like this play out after today’s news. Don’t let them shake you out if it happens, anon. Up only soon,” Kaleo penned in a flourish on the increasingly notorious platform, X. 🎇

This portentous foretelling hints at the alluring prospect of a high-volatility breakout—ah yes, a “god candle,” that single, resplendent green flame flickering on the chart, screaming as if a whole legion of buyers just stormed the gates. 🏰

Ethereum price: ETH to $4,000 soon?

ETH hasn’t kissed the $4,000 mark since December 2024, and to reach it now would require a Herculean 25% increase from its current state—a ludicrous ambition, yet not reserved for the faint of heart in the rollercoaster of crypto! 🎢

Our plucky Ethereum has bounced up an impressive 4.32% today, now perched atop $3,185, basking in the glory of a 20% rise over the past week, fueled by the growing mania of publicly traded companies hoarding ETH like it’s the last bottle of vintage champagne. 🍾

This splendid leap has nudged Ethereum’s price to heights not experienced since the jolly days of February, with a staggering $73.19 million in shorts liquidated in the last 24 hours, as reported by CoinGlass. Cheers to that! 🥂

And let us not forget SharpLink Gaming, who gallantly commissioned a whopping $225 million worth of Ethereum earlier this month, proudly announcing itself as the largest Ethereum treasury public company. Their latest conquest has boosted their overall holdings to a magnificent 280,000 ETH. Quite the treasure trove, wouldn’t you agree? 💰

2025-07-16 18:28

Ethereum price: ETH to $4,000 soon?

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