CandleFocus ? Ethereum Soared: Finally Above $4,000 – Here’s What to Know
2024-12-06
Author: Content Editor
The price of Ethereum (ETH) has surpassed $4,000 for the first time since March, increasing by 6% in the last 24 hours. This rise came at a time when most major cryptocurrencies experienced a decline, except for XRP. Despite Bitcoin reaching new all-time high prices recently, Ethereum is still trading 18% lower than its record. The cryptocurrency market has witnessed a significant number of liquidations recently, with $22 million being liquidated in the last hour, $7 million of which involved ETH. Overall, the market faced a massive liquidation wave of $919 million in the last 24 hours, mostly involving long positions.
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