Ethereum Soars Above $2,500: 6.6 Million Investors Near Profit Threshold

Ethereum’s price has experienced a remarkable surge in recent days, jumping nearly 40% over the past week and crossing the $2,500 mark. This gain has brought about 6.61 million ETH investors into profitability territory as short positions face potential liquidation. The market dynamics suggest a strong upward trend, with further price increases potentially impacting another $800 million in short positions. Analysts anticipate sudden volatility as a consequence of this surge.