#Write2Earn

ETH aims for $5k: meanwhile, traders' positions worth $152 million have been liquidated.

The price increase has hit short sellers hard. In total, over the last 24 hours, $152 million worth of Ethereum positions have been liquidated. Of this amount, short positions amounted to nearly $94 million.

Analysts do not rule out that the next resistance zone will be the mark of $5k. In this case, the historical record from 2021 of $4,875 will be broken. But there is one big 'but'. As we have already mentioned, large players have transferred large volumes of Ethereum to exchanges. This is usually done to sell coins and lock in profits. If sellers begin to press on the price, the growth dynamics of ETH may slow down.