Ethereum price rallied beyond $4.1k, thus revisiting the highest level since December 2021. On-chain data shows significant liquidation of ETH short traders amid heightened whale activity. The ETH price bullish breakout is bolstered by robust fundamentals amid the anticipated 2025 altseason. Ethereum just had a massive breakout. The price surged over 7% in the past 24 hours to hit a 44-month high of nearly $4,200 on Saturday. This powerful move pushed ETH’s market cap back above $500 billion and finally broke the key $4,100 resistance that has capped bullish sentiment since December 2021. A Brutal $183 Million Short Squeeze This sudden, violent move upward triggered a massive short squeeze, wiping out bearish traders. In the last 24 hours , over $205 million in leveraged ETH positions were liquidated, with a staggering $183 million of that belonging to short sellers betting on a price drop. This is a clear sign the market was caught completely off guard. Source: CoinGlass Top Reasons Why Ethereum Price Surged Beyond $4.1k Today Rising Demand from Whale Investors According to on-chain data analysis from EmberCN , Ethereum whales have accumulated… The post Ethereum Short Squeeze: $183 Million in Shorts Liquidated as ETH Nears $4,200 appeared first on Coin Edition .
