Ethereum Soars 4.8% in 24 Hours! How High Can it Go?

  • TL;DR Ethereum jumps 4.8%, nears $2,800, and hits its highest level in weeks, driven by Bitcoin's surge to $112,000. Over $500M in liquidations hit bearish traders; ETH alone saw $156M liquidated, including $139M from short positions. For the first time in months, Ethereum futures volume ($62.1B) surpassed Bitcoin's, reflecting a shift in speculative focus.