Ethereum Breakthrough Could Lead to Record Short Liquidation

A recent report from WEEX has made a notable prediction regarding Ethereum's (ETH) price movement. According to the analysis, if ETH breaks through $2,387 USD, the cumulative short liquidation intensity on major cryptocurrency exchanges will reach $997 million USD.

This projection is based on historical data and market trends observed by WEEX. The report highlights the potential impact of this scenario on investors who hold short positions in the Ethereum market.