Over $150 Million Liquidated As Ethereum Price Soars To Monthly Highs

Ethereum (ETH) spiked to monthly highs in a giant hourly candle, leaving over $150 million in liquidation.
Over $150 Million Liquidated As Ethereum Price Soars To Monthly Highs

ETH price has exploded over the past few hours, reaching an intraday high of around $1,420. This comes a day after the developers confirmed that The Merge Ethereum 2.0 is on track for September.

According to data from Coinglass, the past four hours have seen over $150 million in ETH positions liquidated.

Over $150 Million Liquidated As Ethereum Price Soars To Monthly Highs
Source: Coinglass

This happened after ETH exploded 7% in an hourly candle, charting a high of $1,422. The volume on that candle is over $300 million.

Over $150 Million Liquidated As Ethereum Price Soars To Monthly Highs
ETH 1-hour chart. Source: CoinCu

The last time ETH traded at these prices was on June 13, meaning the cryptocurrency charted monthly highs. Ethereum is up over 13% in the last 24 hours and a whopping 40% in the last 48 hours.

It is worth noting that the increase comes a day after the developers confirmed that the Ethereum 2.0 consolidation would take place on September 19.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

Over $150 Million Liquidated As Ethereum Price Soars To Monthly Highs

Ethereum (ETH) spiked to monthly highs in a giant hourly candle, leaving over $150 million in liquidation.
Over $150 Million Liquidated As Ethereum Price Soars To Monthly Highs

ETH price has exploded over the past few hours, reaching an intraday high of around $1,420. This comes a day after the developers confirmed that The Merge Ethereum 2.0 is on track for September.

According to data from Coinglass, the past four hours have seen over $150 million in ETH positions liquidated.

Over $150 Million Liquidated As Ethereum Price Soars To Monthly Highs
Source: Coinglass

This happened after ETH exploded 7% in an hourly candle, charting a high of $1,422. The volume on that candle is over $300 million.

Over $150 Million Liquidated As Ethereum Price Soars To Monthly Highs
ETH 1-hour chart. Source: CoinCu

The last time ETH traded at these prices was on June 13, meaning the cryptocurrency charted monthly highs. Ethereum is up over 13% in the last 24 hours and a whopping 40% in the last 48 hours.

It is worth noting that the increase comes a day after the developers confirmed that the Ethereum 2.0 consolidation would take place on September 19.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

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