Ether led the crypto market in short position liquidations on Friday as its price surged past $4,000 for the first time since December 2024.
Ether ETFs saw a record net daily inflow of $720 million on Wednesday, reflecting growing institutional appetite for the cryptocurrency.
Ether could one day hit $1.5 million per token, with its next surge catching many by surprise, according to EMJ Capital founder Eric Jackson.
Two dormant Ethereum wallets have became active on Monday, transferring a combined 1,140 ETH valued at $2.9 million.
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