Ether’s price surged to 2,827 USD, surpassing the 2,800 USD mark for the first time since February. As trading activity boomed, an Ethereum whale made a significant profit from a 30,000 ETH trade, while unique Ethereum addresses rose sharply.
With open interest reaching 40 billion USD, the market indicates heightened volatility. Liquidation risks loom, particularly due to 1.8 billion USD in short positions that may be triggered if Ether exceeds 2,900 USD.
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