According to @CryptoMichNL, ETH has hit 4,000, which he characterizes as an ideal short-term profit-taking level rather than a buying zone, source: @CryptoMichNL on X, Aug 8, 2025. He adds that short-side liquidity has been taken out and expects the long side to be relatively short-lived and volatile, source: @CryptoMichNL on X, Aug 8, 2025.