Ethereum price surges 6% to $2,800 as shorts suffer amid $500M crypto liquidation

Ethereum’s price rose 6% to above $2,800, driven by Bitcoin’s rally to $112,000 and optimism around ETH whale activity. The gains came as over $500 million in leveraged positions, including $139 million in ETH, were liquidated. Institutional interest and increased buying could drive Ethereum’s price higher source: https://coinjournal.net/news/ethereum-price-surges-6-to-2800-as-shorts-suffer-amid-500m-crypto-liquidation/