Over $150 Million Liquidated as ETH Price Skyrockets to a Monthly High

ETH prices have exploded in the last few hours, reaching a daytime high of around $ 1420. This happens the day after the developer confirms that the ETH 2.0 merge is proceeding as planned in September.

• according to According to Coinglass data, more than $ 150 million has been seen in ETH positions cleared in the last four hours.
• The largest single clearing order was placed on FTX with a par value of $ 2.81 million.
• Needless to say, most of the clearing positions were in short supply.
• This happened as ETH exploded 7% on hourly candles and hit a high of $ 1422 on Binance.

• The volume of the candle is over $ 300 million.
• ETH was last traded at these prices on June 13th, which means that cryptocurrencies hit a monthly high.
• Ethereum has risen by more than 10% in the last 24 hours and by a whopping 40% in the last 48 hours.
• It is worth noting that the increase will be the day after the developer Confirmed The merger of ETH 2.0 is proceeding as planned in September.