In accordance with information offered by CoinGlass, a complete of $100.6 million value of Ethereum (ETH) shorts have been liquidated over the previous 24 hours.
Earlier this Sunday, ETH reached a brand new year-to-date peak of $3,825 on the Coinbase change. The altcoin has now managed to prime the $3,800 stage for the primary time since December 2024.
The most well-liked altcoin has soared by greater than 50% inside simply two weeks.
The ETH/BTC pair has now reached 0.031 BTC, the best stage since January.
Nonetheless, it’s value noting that ETH remains to be 23.2% from reclaiming its present all-time excessive of $4,878 that was achieved greater than three years in the past.