After ETH broke the $4000 mark, market sentiment quickly warmed up. Investors on Polymarket have significantly increased their confidence in ETH breaking $4200 this month, with the betting probability rising from 51% to 68%, attracting over $2.84 million in participation funds.

Traders' enthusiasm for ETH seems to have reached an unprecedented height, with predictions of a sharp increase in market activity. Behind this wave of growth, there are not only technical breakthroughs but also cultural drivers. Ethereum founder Vitalik recently discussed the cultural differences between China and the U.S. and longevity technology on social media, which has added more attention and discussion around ETH.

The upward trend has also affected related stocks, with BMNR's stock price in the US market soaring over 14%, resulting in a floating profit of up to $410 million.

In the coming week, the market focus will be on the liquidation chart. If ETH breaks through $4100, it may trigger the liquidation of $864 million in short positions, which could lead to a series of chain reactions. Analysts believe this could further drive ETH's bullish trend and accelerate its upward momentum.

As market sentiment continues to soar, investors are closely monitoring every move of ETH. However, there are voices reminding that risk management remains crucial amidst such intense market fluctuations. Regardless, this strong performance of ETH has undoubtedly injected new vitality into the cryptocurrency market, and future developments are eagerly anticipated.