Ethereum price tagged the $4,000 psychological level on Friday at around 15:31 GMT before a quick correction. The move saw over $15 million in short positions liquidated against around $10 million in long positions for ETH.
ETH’s uptrend has resulted in a 90% gain in 2023 and nearly 73% year-to-date returns. If the bull market continues, Ether is likely to see a retest of its all-time high of $4,877. Ethereum price rally has liquidated over $25 million in short positions on derivatives exchanges in the past day. Ethereum price tagged the $4,000 psychological level on Friday at around 15:31 GMT before a quick correction.
Stay tuned for further updates and analysis as we explore the implications of this milestone for the future of Ethereum. Ethereum FAQs What is Ethereum? Ethereum is a decentralized open-source blockchain with smart contracts functionality. Serving as the basal network for the Ether cryptocurrency, it is the second largest crypto and largest altcoin by market capitalization.
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