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ETH

Ethereum Shorts Liquidated Near $4,000 as Price Surge Continues

The short positions on Ethereum worth $100 million were liquidated as the altcoin approaches $4,000. According to CoinGlass, in the past 24 hours, Ethereum (ETH) short positions totaling $100.6 million have been closed. Earlier on Sunday, ETH hit a new yearly high of $3,825 on Coinbase, surpassing the $3,800 mark for the first time since December 2024.
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AI Analysis

The recent surge in Ethereum’s price to nearly $4,000 signifies a bullish trend supported by strong buying activity. The liquidation of substantial short positions ($100.6 million in the last 24 hours...

AI Recommendation

Given the strong upward momentum and significant liquidation of short positions, it is advisable to consider a cautiously bullish stance on Ethereum in the near term. Investors may look to increase po...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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