14.08.2025 11:54

Ethereum's price surged by 5%, reaching new short-term peaks and jeopardizing roughly $2 billion in outstanding short positions. This significant price increase builds upon existing bullish momentum.

Fueled by a confluence of positive factors, the rally continues. Growing institutional investment, increased network activity, and excitement surrounding forthcoming Ethereum upgrades are all contributing to market optimism.

Traders are intently focused on critical resistance levels, carefully analyzing price action for signs of continuation or potential reversal. The potential for further gains is significant, given the substantial amount of short positions vulnerable to liquidation. However, a price correction remains a possibility.

The next moves in the ETH price will be keenly observed by market participants. Whether the current rally sustains its momentum or experiences a pullback remains to be seen, with speculation centering around the impact of upcoming network developments and broader market sentiment. Information gathered from internet sources suggests sustained optimism, but caution remains warranted.