The Ethereum price is surging, with potential to reach a new record high of $4,400. This surge, driven by major institutional investments, could trigger massive liquidations on centralized exchanges, potentially reaching $1.24 billion according to Coinglass data. 📈 💸 Experts say the surge is largely due to increased institutional demand. A significant amount has been invested in recent weeks, accumulating nearly $4.17 billion of purchases. 💰 This move could impact other cryptocurrencies like Bitcoin and altcoins. 👀 Investors are closely monitoring Ethereum’s price movements as it approaches a critical resistance level. If the price breaks through, we could see a significant increase in liquidations across major CEXs.