Ethereum’s rally above the $4,000 mark has triggered a significant wave of short liquidations, reflecting the strengthening demand for the leading altcoin. On-chain data reveals a resurgence in interest and accumulation, suggesting that short sellers could face continued losses if Ethereum’s price momentum holds. ETH Surges Past $4,000 on Renewed Buying Momentum The surge in new demand for ETH has driven its price up by 18% over the past week. This strong buying momentum and improving market sentiment culminated in a move above the $4,000 price mark yesterday, sparking liquidations among short sellers
source: https://beincrypto.com/ethereum-price-all-time-high-projection-analysis/