JUST IN: Ethereum (ETH) Reaches Over $4,900 for the First Time in Its History – Here Are the Details

Ethereum (ETH) surpassed $4,900 for the first time in its history today.

According to the latest data, ETH is trading at $4,902.93 and has gained 3.35% in the last 24 hours.

ETH price recorded a new all-time high (ATH) of $4,927.25 minutes ago and is currently trading just 0.22% below this level.

Chart showing the recent rise in ETH price.

In the last 24 hours, $221.48 million worth of positions were liquidated in the cryptocurrency market. $105.79 million of this consisted of long positions and $115.69 million consisted of short positions.

In the case of Ethereum, the amount of liquidation is striking:

• Total in 24 hours: $81.84 million
• Short positions: $62.78 million

Specifically, $35.99 million worth of ETH positions were liquidated in the last hour. $35.27 million of this amount came from short positions, suggesting that the price surge was aggressively liquidating short positions.

The altcoins that experienced the most liquidation in the last 24 hours are listed as follows:

• ETH: $81.84 million
• LEFT: $14.61 million
• BTC: $13.70 million
• PROMPT: $10.72 million
• BIO: $8.34 million
• SAROS: $7.89 million
• WLFI: $6.53 million
• DOGE: $5.06 million