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.
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.
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.
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.
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