Ethereum ($ETH ) surged close to its November 2021 all-time high of $4,878, triggering massive short liquidations and fueling bullish sentiment.
📊 Market Highlights:
Price: $4,694 (+7.9% 24h)
Monthly Gain: +52.7%
Liquidations: $294M total, with $250M from shorts
ETF & Treasury Holdings: Now 7.98% of supply, up from 3% in April
Institutional accumulation, led by ETFs and corporate treasuries, has created a strong supply squeeze — pushing ETH from $1,800 in April to current levels above $4,600. Nearly half of all crypto liquidations on Wednesday came from ETH, with Bitcoin liquidations at just $41.5M.
If momentum continues, Ethereum could break $4,878 and enter price discovery mode — but traders should watch for potential volatility after such a steep run.
Do you think ETH will set a new all-time high this week?
