Ethereum Tops $4,900 ATH, $62M ETH Shorts Liquidated

Published: 2025-08-24 18:14:22 |

Ethereum surged past $4,900 to a new all-time high of $4,927.25 today. At press time, ETH trades around $4,902.93, up 3.35% in 24 hours. This rally triggered $221.48 million in market-wide crypto liquidations, including $81.84 million for ETH ($62.78 million in shorts, $17.67 million in longs). In the past hour alone, ETH saw $35.99 million wiped out, mostly from short positions. Other tokens facing major liquidations include LEFT ($14.61 M), BTC ($13.70 M), PROMPT ($10.72 M), BIO ($8.34 M), SAROS ($7.89 M), WLFI ($6.53 M) and DOGE ($5.06 M). Traders should monitor on-chain data and market sentiment as this aggressive short squeeze may drive further volatility. Overall, Ethereum’s bullish momentum points to potential upside but warrants caution with leveraged positions.

Bullish

Ethereum’s record-breaking rally above $4,900 and the massive liquidation of $62 million in short positions underscore a powerful short squeeze, indicating strong bullish momentum. While this may fuel near-term volatility for leveraged traders, sustained price gains and on-chain strength suggest continued upside for ETH in the medium to long term.