$247,764,368 in Ethereum to Disappear Once $5,000 ETH Becomes a Reality
Main Idea
Ethereum (ETH) approaching $5,000 could trigger a massive liquidation of short positions worth approximately $247.76 million, with potential for further price surges.
Key Points
1. If ETH surpasses $5,100, around 52,430 ETH in short positions on Hyperliquid (worth ~$247.76M) would be liquidated instantly.
2. ETH is currently trading near $4,718, making the $5,000-$5,120 range a critical trigger point for liquidations.
3. Ethereum has risen nearly 10% in the past week, breaking through previous resistance levels, with $4,900-$5,000 now in focus.
4. A $300 price increase from current levels could determine whether ETH continues its upward momentum.
5. ETH's performance has drawn significant market attention, with potential to reach heights not seen since 2021.
Description
Ethereum (ETH) teases $5,000 trigger for $247,764,368 short liquidation tsunami
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