Despite the looming uncertainty around crypto due to the ongoing trade war that has led to the biggest liquidation event around Ethereum, ETH’s open interest is still at an all-time high.
A recent Tweet by SalsaTekila revealed this phenomenon, which also highlighted that anyone who had 5x leverage or more has now been liquidated.
“ETH to 4K rapidly is programmed,” the tweet stated.
The responses to these tweets varied, but most were negative about these predictions. Some asked “what have you been smoking,” and others said that the analyst was “coping hard” as ETH painted a long red wick touching the $2.1K mark again.
The Biggest Liquidation Event of All Time – LecksMoney
YouTuber LecksMoney did a deep dive into this “biggest liquidation event of all time.”
In the video, he talked about how the bearish scenario continues for altcoin holders.
“I am feeling the pain right now,” the YouTuber said, discussing the current market condition.
However, much of the video also focused on shorting Ethereum, and based on the fear and greed index for ETH, he told his viewers that it is the worst time to sell.
Ethereum Price Analysis
At the time of writing, Ethereum is trading around the $2.8K level and has a market capitalization of over $338 billion.
The price action for the world’s second-biggest crypto isn’t looking good as the candle chart is showing a descending channel pattern.
Sentiment indicators on CoinMarketCap show that the community has gone increasingly bearish around this token.
If the pattern continues to hold, the ETH price will drop around the $2.1K mark, around which it may trade sideways before making a move up. But it is not clear whether the increase that comes after will be parabolic, since uncertainty is high around cryptocurrencies at this time.
Ethereum Price Prediction
2025
If Ethereum continues with its current pattern, it could fall to the $2.1K level soon. However, since the open interest in this token is at an all-time high, reaching $4K could also be a possibility. So selling ETH now may not be a good course of action for most investors.
2026
Regulatory aspects around cryptocurrency projects and the then-ongoing developments will play a key role in how Ethereum grows in 2026. If ETH’s current play to reach $4K succeeds, the token’s next target could be $5K. Investors should keep a sharp eye on the technological developments around the token by then.
2030
Multiple technological innovations and milestones reached will play a crucial role in Ethereum’s growth in 2030. Our conservative estimate is that ETH could reach $6K by that year if utility-based cryptocurrencies maintain a strong presence.
Meme Index – Diversifying Meme Coin Investments
Ethereum’s current price action is the result of market uncertainty. And when the market is volatile, diversifying cryptocurrency investments is the best choice. However, doing research on each asset takes time. That is why Meme Index has emerged with an innovative solution to this problem.
Designed as the world’s first decentralized meme coin index, Meme Index allows users to invest in a diverse range of meme coins. There are four types of indices available, containing assets with varying degrees of volatility.
It starts with the Meme Titan Index, which contains high-cap meme coins such as Dogecoin and Shiba Inu. These are volatile, but popular assets with strong communities.
Next is the Moonshot Index, with meme coins with market caps just short of $1 billion. These are the tokens that already have, or are about to be listed on major exchanges.
The Midcap Index is the third index type, containing meme coins with market caps ranging between $50 million and $250 million. And the final meme coin index provided is the Meme Frenzy Index, featuring meme coins with the highest degree of volatility.
The diversification aspect is the reason why Meme Index is a good crypto to invest in besides Ethereum. Furthermore, since the crypto is on presale, it presents a good early-moving opportunity.
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