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With Bitcoin giving everyone a reason to celebrate, it was about time Ethereum, often dubbed the digital silver, had its moment.
And it has certainly delivered, surging past key resistance levels and shaking up the crypto market in the process.
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As per data from Coinglass, more than $76.54M worth of Ethereum short positions have been liquidated in the last 24 hours.
This comes after Ethereum crossed the $3K mark, rising over70% in the past four weeks.
At the time of writing, $ETH sits at $3,775, the highest it has been this year. The $ETH/$BTC pair has also gained 40% over the same period, currently trading at $0.03184 – a 2025 high.
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