Ethereum Price Forecast: Who's behind ETH's highest daily gain in four years?🚀🚀
Ethereum's 21% surge on Thursday marked its highest single-day gain since May 2021.
The rally was likely spurred by crypto native investors on the spot market who withdrew a net of 180K ETH from exchanges.
ETH could surge past the $2,500 and $2,850 key levels if its technical indicators on the weekly chart flip bullish.
Ethereum Price Forecast: ETH eyes recovery above $2,500 and $2,850 key levels
Ethereum saw $364 million in futures liquidations in the past 24 hours, per Coinglass data. The total amount of liquidated long and short positions is $158.74 million and $205.61 million, respectively.