Ethereum Surges Amid Short Seller Liquidations, Outpacing Bitcoin
Ethereum saw a powerful surge in price as short sellers were forced to liquidate their positions en masse, triggering a cascade of buy pressure that briefly pushed $ETH near the $2,500 mark. This spike in liquidations on Ethereum even surpassed those seen in Bitcoin, highlighting the intensity of the rally.
The sudden upswing appears to have been fueled by a combination of market momentum, increased spot buying, and cascading short squeezes. With many traders betting against Ethereum, rising prices led to forced closures of leveraged short positions—amplifying upward movement in a rapid feedback loop.
Although Ethereum faced a brief pullback after approaching $2,500, market sentiment remains bullish, with analysts eyeing this liquidation-driven momentum as a possible signal of renewed strength in the altcoin sector.
