Ethereum Short Liquidations Surge as Price Approaches All-Time High, Sparking Investor Speculation
Main Idea
Ethereum (ETH) is nearing its all-time high with a significant price surge, leading to massive short liquidations and strong market predictions for future growth.
Key Points
1. Ethereum's price surged to $4,694, marking a 7.9% increase in one day and a 52.7% rise over the past month.
2. Over $286 million in ETH short positions were liquidated in the last 24 hours, with ETH shorts accounting for over $250 million.
3. More than 80% of users on Myriad predict ETH will surpass $5,000 by 2025.
4. Short liquidations can lead to rapid price increases due to forced buying, reinforcing Ethereum's upward trend.
5. Ethereum's performance highlights its potential, with analysts suggesting further growth if key resistance levels are cleared.
Description
Ethereum (ETH) has seen a remarkable rally, nearing its all-time high of $4,878, with nearly half of all crypto liquidations in the last day attributed to ETH short positions, totaling
Latest News
- XRP Shows Potential for Continued Gains Amid Market Bullishness and Key Resistance Levels2025-08-13 12:11:32
- Standard Chartered Suggests Ethereum Could Reach $7,500 by Year-End Amid Institutional Interest and Regulatory Changes2025-08-13 12:09:30
- Solana Eyes $250 Amid Pump.fun’s $715M SOL Deposit and Cult Token Plans2025-08-13 12:00:39
- Incentiv Testnet Results Hint at New Community Reward Strategies for On-Chain Engagement2025-08-13 12:00:19
- Metaplanet’s Bitcoin Strategy Shows Promise with 190% YTD Growth, Outpacing Japan’s TOPIX Core 302025-08-13 11:59:51