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Reading: ETH Nears $4K After 50% Surge and $100M in Shorts Burned – Spotlight on the Best Altcoins
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The cryptonews hub > Blog > Market > ETH Nears $4K After 50% Surge and $100M in Shorts Burned – Spotlight on the Best Altcoins
Market

ETH Nears $4K After 50% Surge and $100M in Shorts Burned – Spotlight on the Best Altcoins

Crypto Team
Last updated: July 21, 2025 6:31 pm
Crypto Team
Published: July 21, 2025
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wp header logo 746 ETH Nears $4K After 50% Surge and $100M in Shorts Burned – Spotlight on the Best Altcoins

With Bitcoin giving everyone a reason to celebrate, it was about time Ethereum, often dubbed the digital silver, had its moment.

And it has certainly delivered, surging past key resistance levels and shaking up the crypto market in the process.

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This comes after Ethereum crossed the $3K mark, rising over70% in the past four weeks.

At the time of writing, $ETH sits at $3,775, the highest it has been this year. The $ETH/$BTC pair has also gained 40% over the same period, currently trading at $0.03184 – a 2025 high.

In another notable move, SharpLink, a publicly traded sportsbook marketing company, recently became the largest corporate holder of $ETH, acquiring 280,706 tokens valued at $1.06B.

Clearly, Bitcoin isn’t the only reserve-worthy asset anymore, with Ethereum quickly catching up. While Bitcoin has already reached a new all-time high, $ETH is just 25% away from breaching its previous peak of $4,800.

It currently faces strong resistance at $4,100. This is a level that, once broken, could propel the token toward $5,000 in the short term.

As Ethereum continues to attract whales and institutional investors, setting the stage for its next major move, several other crypto tokens stand to benefit from this bullish momentum.

The bot allows retail users to place buy/sell limit and stop orders (which Snorter then automatically executes) directly from the Telegram chat, creating a more level playing field.

In addition to its ease of use, the bot is mighty secure too. It not only independently verifies every token before enabling trading, but also comes with protection against honeypots, rug pulls, and even sophisticated sandwich attacks.

Currently in presale, $SNORT has raised over $2.18M, with each token priced at just $0.0989.

Finally, it’s worth noting that holding $SNORT unlocks lower trading fees (0.85% vs. 1.5% for non-holders), advanced analytics, and increased daily sniping limits, giving early adopters a clear edge.

Over time, the Bitcoin network has slowed due to rising transaction volume, and it still lacks native compatibility with DeFi and Web3 applications.

When you’re done, the same bridge lets you convert your wrapped $BTC back into real Bitcoin seamlessly.

This high-performance, low-latency token brings the scalability and developer-friendly experience of Solana to the Bitcoin ecosystem.

The $HYPER presale is gaining strong traction, having already raised $3.9M.

Named after Elon Musk’s Shiba Inu, FLOKI has grown into a multi‑utility meme token since its launch in June 2021.

The platform is developing Valhalla, a play‑to‑earn, NFT‑based metaverse gaming ecosystem where $FLOKI serves as the primary currency.

Players can use it for in‑game purchases, trade NFTs, and win rewards. Since its July 1 launch, Valhalla has crossed the 1M transaction mark and seen approximately 125K NFT mints.

With strong Valhalla adoption and bullish technical sentiment, as the token consolidates near recent highs, potentially setting up for a breakout, experts anticipate a 50%-80% upside from current levels.

With Ethereum joining Bitcoin in a fresh rally, the broader crypto market, led by its two dominant players, looks overwhelmingly bullish.

That said, kindly remember that crypto investments are highly risky. Also, this article is not financial advice, and we strongly urge you to do your own research before investing.

source

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