Ethereum in the last 24 hours $4,748.51 The price of a new record by exceeding the price of $ 4,800 brought significant liquations in crypto markets. Data on crypto assets show that approximately $ 388 million is liquidity only in Ethereum transactions. In total, the amount of liquidations throughout the market reached 769 million dollars, while more than 183,000 investors lost their positions.
Liquidations and market balance
Liquidations brought up the risks faced by investors in crypto markets as a result of leveraged transactions. When price movements develop against investors, the stock exchanges can automatically close the positions and limit the losses of investors. In the last wave, the closure of the $ 10 million Ethereum position on the OKX platform drew attention.
According to experts, intense long position liquidations can prepare the ground for the re -balance of the market. On the other hand, public closing in short positions can trigger new rise in prices.
Factors playing a role at the new summit of Ethereum
Ethereum’s rise of nearly 15 percent took place after the message that Jerome Powell, the President of the US Federal Bank, may be an interest rate reduction in September. Bitcoin 
$115,110.84gaining 4 percent in the same period by gaining 4 percent; Coindesk 20 index increased by 9 percent.
Analysts do not only attribute the rise in Ethereum to the developments in the macro economy. The fact that corporate investors and treasury administrations turn to Ethereum increases the importance of the platform for the financial sector. Thus, speculation that Ethereum can be a more preferred block chain in Wall Street stands out.
Expert opinions and look at the future
Hashdex’s investment director Samir Kerbage, “Ethereum’s new historical summit shows that the demand for investor is not limited to Bitcoin. When we begin to see stabilcoin solutions in the United States, I expect Ethereum to exceed $ 10,000,” he said.
It is stated that corporate support and expectation of the use of Ethereum in the payment ecosystem may be positively reflected in prices. The price target of 10,000 dollars was already optimistic, and nowadays, this target is expressed more frequently with the increase in application areas.
Ethereum has gained 45 percent since the beginning of the year, and this increase points to a significant growth for crypto currency. It is stated that the current volatility of the market should be cautious in investor strategies.
Developments in crypto money markets should be closely monitored and investors should not leave attention.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
