Ethereum Price Soars 5%, Reaching New All-Time Highs and Fueling Market Uncertainty

Ethereum’s price continues its upward trend, surging over 5% to reach new short-term highs and placing approximately $2 billion in short positions at risk of liquidation. This rally is driven by a combination of factors including growing institutional interest, increased network activity, and anticipation surrounding upcoming Ethereum upgrades. Experts are watching closely for key resistance levels as traders weigh the potential for further gains or a correction. The market remains highly volatile as buyers and sellers alike anticipate the direction of the price.