Ethereum Shorts Rekt as ETH Tops $4,500 for First Time Since 2021

EthereumAn important rush continued on Tuesday afternoon, with the price of the second largest cryptocurrency currency per market cap, which for the first time since 2021 reached $ 4,500.

ETH increased by 26% in the last week alone, pushing a 30 -day gain to over 50%. Compare it with Bitcoinwhich has increased about 6% in the week and is roughly flat in the last month.

Traders who are betting against Ethereum feel pain on Tuesday, with more than $ 104 million liquidation in ETH short positions in the past 24 hours, according to data Coingling. Ethereum runs all the cryptocurrency with about $ 154 million worth during this range, of $ 403 million from relaxed positions in all property.

The main increase in the Ethereum is borrowed by billions of net inflows on ETH trade products.

The second biggest crypto assets has published only three days of ETF’s net outflow since the beginning of July, and on Monday he broke his one-day influx record, encouraged by investments worth more than one billion dollars.

And the Appeal led Blackkkk’s Ishares Ethereum Trust Etf (ETHA), which made up almost 63% of the entry on Monday, almost one -off Reconciliation of the previous record of assets of $ 726 million.

That number dwarfs Bitcoin’s $ 170 million net influx from Monday, and is the continuation of the topic that she saw Eth Etf -s surpass their colleagues Bitcoin During the last month.

Ethereum is also erected by new public trading companies that have pointed out to aggressively accumulate companies like Sharplink Gaming and Bitami Immersion Technologies.

The couple holds the first two biggest etherum treasury, which makes up nearly $ 8 billion in eth According to strategigethererver data. And these treasuries will only be increasing, triggering the Bitmine’s efforts to raise funds, which have increased More than $ 20 billion Tuesday as he searches for more Ethereum for his balance.

Sharplink also raises more funds, adding nearly $ 900 million during the last week after announcing A direct offer of $ 400 million on Monday.

The combination of treasury companies and inflows ETF has led to about 8% of the whole eth The supply has increased since Tuesday, which is an increase of 5% of April, when no trade -traded company has yet to create strategic Ethereum reserves.

At its current price of $ 4,502, Ethereum remains about 8% of all the time of a high brand of $ 4,878 set in November 2021. Co ringecko.

Predictors in countless believe that they will eclipse that mark before the end of 2025. The odds that ETH reaches $ 5,000 by the end of the year To 77.7% – gain greater than 30% in the last week, as the price of property grows.