Markets· ★★★· bullish·

Ethereum Tops $2,500 as $48.25M in ETH Positions Get Liquidated

  • —ETH short liquidations hit $38.17 million, 3.8x the $10.07 million in longs
  • —ETH trades at $2,561 after a 24-hour range of $2,495.93 to $2,567.88
  • —Perpetual futures open interest on Ethereum stands at $44.84 billion
  • —Bitcoin near $84,000 saw $46.8 million in liquidations, second only to ETH
Why it matters: The short squeeze lifted ETH, but gains may fade without spot demand; $2,500 and $2,568 are the levels to watch.
#ETH#BTC#ZEC
Source: The Crypto Times
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