In the past 24 hours, Ethereum ($ETH) has shown significant growth, gaining over 10%. This article reviews the current market situation and the impact of price fluctuations on liquidations.
Ethereum's Market Growth
Ethereum reached a price of $3,381.83, with a market cap exceeding $408 billion. The asset's weekly gain exceeds 23%, confirming a measured recovery in light of market volatility.
Liquidation Statistics
In the last 24 hours, Ethereum accounted for nearly half of the total liquidations in the cryptocurrency market. Out of $408 million in total liquidated positions, $193 million were attributed to Ethereum, with $169 million from short positions. Long positions contributed just under $24 million.
Future Growth Prospects
Trading volume for Ethereum exceeded $46 billion in a single day. If Ethereum continues to approach the $3,400 milestone, liquidations could intensify, especially if resistance is breached.
Ethereum continues to gain popularity and show significant growth. Current liquidation data indicates that the market is adapting to the new price levels, confirming the asset's bullish trend.
