Ethereum Rallies to New Record High: Over $4,200, Triggering $200 Million Liquidations

Ethereum experienced a dramatic surge in price this week, breaking through the $4,200 mark and triggering significant liquidation events in the market. This upward movement saw over $200 million in short positions liquidated in a single day, as traders adjusted their positions accordingly. This rapid rise has also generated excitement around the potential of new cryptocurrencies like MAGACOIN FINANCE.