Ethereum (ETH) has reached a new yearly high and continues to demonstrate impressive growth. Over the past 24 hours, $100.6 million worth of shorts have been liquidated.
Ethereum Sets New Record
This Sunday, ETH hit a new peak at $3,825 on the Coinbase exchange, surpassing the $3,800 mark for the first time since December 2024. Over the past two weeks, Ethereum's price has surged more than 50%, allowing it to surpass companies like Costco, Johnson & Johnson, and Palantir. The ETH/BTC pair has reached 0.031 BTC, marking the highest level since January. However, ETH is still 23.2% away from reclaiming its all-time high of $4,878.
Growing Number of Ethereum Holders
Given Ethereum's recent rise, it is not surprising that the number of holders of this cryptocurrency has reached new peaks. According to data provided by Onchain Lens, a newly created wallet recently withdrew 4,200 ETH (approximately $16 million) and sent it for staking. Additionally, one whale spent 50 million USDT to purchase nearly 13,500 ETH tokens.
Return of the 'Ethereum Killer' Tezos
While Ethereum is showing impressive performance, investor and trader interest has also shifted to the 'Ethereum killer' Tezos (XTZ), which has recently made a notable comeback. Over the past seven days, Tezos has surged by 73% and is on the verge of re-entering the top 100 coins.
The cryptocurrency market continues to surprise with its growth and activity. Ethereum is setting new records and attracting attention, while Tezos is also showing significant growth.
