$100 Million Worth of ETH Shorts Obliterated as Top Altcoin Approaches $4,000
2025-07-20 18:39:01
Main Idea
Ethereum (ETH) has surged towards $4,000, liquidating $100.6 million in short positions and reaching a year-to-date high, though it remains below its all-time peak.
Key Points
1. $100.6 million worth of Ethereum (ETH) shorts were liquidated in the past 24 hours as ETH approached a year-to-date high of $3,825.
2. ETH has surged over 50% in two weeks, surpassing $3,800 for the first time since December 2024.
3. The ETH/BTC pair reached 0.031 BTC, its highest level since January, but ETH remains 23.2% below its all-time high of $4,878.
Description
Ethereum (ETH) is eyeing $4,000 after approaching a new year-to-date peak
$ETH
$3746.41
+2.43%
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