Over the past 24 hours, ETH has gained more than 10%, bringing its weekly rise to over 23%. With a […]
The post Ethereum Nears $3,400 as Short Sellers Face Nearly $200M in Liquidations appeared first on Coindoo.
Over the past 24 hours, ETH has gained more than 10%, bringing its weekly rise to over 23%. With a current price of $3,381.83 and a market cap exceeding $408 billion, Ethereum is reclaiming dominance amid heightened volatility.
Meanwhile, data shows that Ethereum alone accounted for almost half of the total crypto liquidations in the last 24 hours. Out of $408 million in total wrecked positions, Ethereum contributed $193 million, with a staggering $169 million of that coming from short positions. Longs accounted for just under $24 million.
This trend highlights how rapidly rising prices are catching bearish traders off guard. The broader market has also seen a similar wipeout of leveraged shorts, reflecting the strength of the current bullish wave.
-----Cryptonews AD----->>>
With trading volume in Ethereum exceeding $46 billion in a single day, the momentum may not be over. As the asset inches closer to the $3,400 milestone, liquidations could intensify, especially if resistance is breached.
The post Ethereum Nears $3,400 as Short Sellers Face Nearly $200M in Liquidations appeared first on Coindoo.
Source: https://coindoo.com/ethereum-nears-3400-as-short-sellers-face-nearly-200m-in-liquidations/
[ajax_load_more]
