#ETH #Write2Earn
Ethereum surged past $4,800, triggering $388M in liquidations—the largest among all tokens and part of a $769M marketwide wipeout affecting over 183K traders. The biggest hit was a $10M ETH order on OKX.
The rally, fueled by Powell’s hint at September rate cuts and growing institutional demand, pushed ETH to a record $4,885 (+15%), outpacing Bitcoin’s 4% rise to $113K. Analysts say Ethereum’s role in stablecoins, tokenization, and smart contracts could make it Wall Street’s preferred blockchain, with targets of $10K now seen as increasingly realistic.
