It all seems to be going Ethereum\u2019s way for the past few months, as the asset has notched another impressive daily run that has taken it to a new multi-year peak.<\/p>\n
On its way up, ETH has left bears in disbelief as the total value of liquidated shorts has skyrocketed to over $250 million on a 24-hour scale.<\/p>\n
<\/a>ETHUSD. Source: TradingView<\/p>\n It\u2019s hard to believe that just four months ago \u2013 in April \u2013 the second-largest cryptocurrency struggled to remain above $1,500. It had plunged<\/a> to its yearly lows during the darkest hours of Trump\u2019s trade war against essentially all other countries.<\/p>\n However, the subsequent recovery has been more than impressive, especially the performance since the beginning of July. At the time, ETH stood below $2,500 but exploded by more than $2,000 in the following month, which culminated (for now) at just over $4,700 hours ago reached earlier today.<\/p>\n This meant that Ethereum had added almost 250% since its yearly low at roughly $1,400 marked in April. Consequently, today\u2019s pump to $4,720 meant that it had come just 3.3% away from charting a new all-time high ($4,878, according to CoinGecko).<\/p>\n This massive price surge comes on the heels of substantial inflows<\/a> toward the spot Ethereum ETFs in the US, as well as multiple companies launching ETH treasury strategies and accumulating sizeable portions of the asset.<\/p>\n Interestingly, though, reports<\/a> keep claiming that retail investors continue to dispose of their assets, while institutions are ramping up their buying efforts.<\/p>\n It\u2019s worth noting that today\u2019s surge has resulted in tons of liquidations, especially from short traders. Data from CoinGlass shows that more than $250 million worth of shorts have been wiped out in the past 24 hours. And that\u2019s all for Ethereum. The overall liquidations are close to $500 million, meaning that ETH is responsible for more than 50%.<\/p>\n <\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\n The post Ethereum Surges Past $4,700 \u2013 $250M in Shorts Obliterated<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" It all seems to be going Ethereum\u2019s way for the past few months, as the asset has notched another impressive daily run that has taken it to a new multi-year peak. On its way up, ETH has left bears in disbelief as the total value of liquidated shorts has skyrocketed to over $250 million on […]<\/p>\n","protected":false},"author":0,"featured_media":88146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/88145"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=88145"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/88145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/88146"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=88145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=88145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=88145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>ETHUSD. Source: TradingView<\/p>\nIt\u2019s hard to believe that just four months ago \u2013 in April \u2013 the second-largest cryptocurrency struggled to remain above $1,500. It had plunged<\/a> to its yearly lows during the darkest hours of Trump\u2019s trade war against essentially all other countries.<\/p>\nHowever, the subsequent recovery has been more than impressive, especially the performance since the beginning of July. At the time, ETH stood below $2,500 but exploded by more than $2,000 in the following month, which culminated (for now) at just over $4,700 hours ago reached earlier today.<\/p>\nThis meant that Ethereum had added almost 250% since its yearly low at roughly $1,400 marked in April. Consequently, today\u2019s pump to $4,720 meant that it had come just 3.3% away from charting a new all-time high ($4,878, according to CoinGecko).<\/p>\nThis massive price surge comes on the heels of substantial inflows<\/a> toward the spot Ethereum ETFs in the US, as well as multiple companies launching ETH treasury strategies and accumulating sizeable portions of the asset.<\/p>\nInterestingly, though, reports<\/a> keep claiming that retail investors continue to dispose of their assets, while institutions are ramping up their buying efforts.<\/p>\nIt\u2019s worth noting that today\u2019s surge has resulted in tons of liquidations, especially from short traders. Data from CoinGlass shows that more than $250 million worth of shorts have been wiped out in the past 24 hours. And that\u2019s all for Ethereum. The overall liquidations are close to $500 million, meaning that ETH is responsible for more than 50%.<\/p>\n<\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\nThe post Ethereum Surges Past $4,700 \u2013 $250M in Shorts Obliterated<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"It all seems to be going Ethereum\u2019s way for the past few months, as the asset has notched another impressive daily run that has taken it to a new multi-year peak. On its way up, ETH has left bears in disbelief as the total value of liquidated shorts has skyrocketed to over $250 million on […]<\/p>\n","protected":false},"author":0,"featured_media":88146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/88145"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=88145"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/88145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/88146"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=88145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=88145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=88145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/ETHUSD-1.png\"){kind=link}
![<\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\nThe post Ethereum Surges Past $4,700 \u2013 $250M in Shorts Obliterated<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"It all seems to be going Ethereum\u2019s way for the past few months, as the asset has notched another impressive daily run that has taken it to a new multi-year peak. On its way up, ETH has left bears in disbelief as the total value of liquidated shorts has skyrocketed to over $250 million on […]<\/p>\n","protected":false},"author":0,"featured_media":88146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/88145"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=88145"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/88145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/88146"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=88145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=88145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=88145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-13-164826.png\"){kind=link}