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Ethereum Price Eyes $3,000 as 67 Million ETH Nears Profitability

coingape.com

7 hour ago

Ethereum Price Eyes $3,000 as 67 Million ETH Nears Profitability

Ethereum (ETH) price gains momentum with the broader market surge, recording almost a 40% rally last week. As ETH price crosses $2,500, 6.61 million investors are about to witness their Ethereum portfolio turning green. Amid increased short liquidations wiping out ETH bears, an additional 3% jump could shake out almost $800 million of bearish positions. Could Ethereum bounce back to $3,000, fueled by almost 67 million ETH turning profitable and forced exits of sellers?

https://coingape.com/markets/ethereum-price-eyes-3000-as-67-million-eth-nears-profitability/?utm_source=CryptoNews&utm_medium=app