Eth jumps to USD $ 4,400 after inflation report, causing pain to bassists

By Hannah Pérez

The short liquidations of Ethereum emerged at almost USD $ 40 million in 60 minutes, after the price jumped to USD $ 4,400. The US inflation report softer than expected activated a rebound in the market.

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• Ethereum reconquered the USD $ 4,400 for the first time since 2021.
• The sudden increase of more than 5% in 24 hours caused a liquidation waterfall.
• ETH bearish operators faced liquidations for USD $ 40 million in 60 min.
• ETH continues to rise in the middle of the institutional impulse.

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Ethereum (ETH) extended the profits on Tuesday to resume a new price of several years in a sudden movement in the graphics that caused pain to bassists.

The second largest cryptocurrency due to market capitalization arose at a level of USD $ 4,400, last seen in November 2021, on Tuesday morning while ensuring an increase greater than 5% in the day, according to data from data from Coingcko.

The last time ETH observed such a high price was during the previous bullish cycle almost four years ago. Ether He broke a historical maximum close to $ 5,000 at that time, but since then he has not visited that height.

The sudden price rebound motivated a waterfall of short positions (bass bets) of ETH for almost USD $ 40 million in a matter of 60 minutes, according to data from data from Coinglass. Ether He has faced liquidations for more than USD $ 140 million in the last 24 hours, of which USD $ 87.5 million correspond to leverage bearish positions.

The bullish action occurred in the midst of a broader gain in the market that came after the inflation report in the United States. The most expected Julio CPI reading than the prices of cryptocurrencies, leading to Bitcoin Again on the USD $ 119,000 while ETH led the profits.

ETH receives institutional impulse

Ethereum He has experienced a meteoric impulse in recent weeks in the midst of renewed optimism of institutional investors. Corporations have rushed this year to create strategic reservations of Ethereum In the midst of a broader trend of public companies to adopt cryptocurrencies as their main treasury assets.

According to data from Strategic Eth Reservemore than 70 entities jointly accumulate 3.5 million ETH, which values the treasury of Ethereum currently in almost USD $ 16 billion.

The record input flows for the funds listed on the stock market (ETF) of Ethereum in cash in the US are a reflection of the strong appetite of institutional investors. The ETF group has observed pause tickets during the last 14 weeks, attracting billions of dollars. Yesterday, the ETF Ethereum They marked a new daily record with an income of more than USD $ 1 billion for the first time.

With an accumulated gain of more than 30% so far from 2025, ETH now exceeds Bitcoin In annual performance, according to data from TrainingView. The second main cryptocurrency has increased just over 50% in the last month and 21% in the week.

Its price at the time of publication is USD $ 4,417, almost 10% below its historical maximum of 2021.

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Hannah Estefanía Pérez / Diariobitcoin

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