• Ethereum’s rise leads to a high liquidation volume.
  • ETH continues to increase towards $2,800.

Over the past four days, Ethereum [ETH] has experienced substantial double-digit gains, leading to a significant impact on the volume of liquidations.

Ethereum shows strong trends

The Ethereum daily timeframe analysis showed a significant surge, marking its second major upward movement of the year on 12th February. This resulted in a more than 6% increase, propelling the ETH price to $2,661.

Despite a minor dip of less than 1% the following day, Ethereum witnessed its third-highest surge of the year on 14th February, surpassing a 5% increase and reaching over $2,776. At the time of this writing, it was trading at around $2,796, showing an almost 1% increase.

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Author: Adewale Olarinde

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