Ethereum approached a record high this week, and Fallout was cruel for anyone betting on it. Approximately $259 million in short positions were liquidated, with an additional longer position of $80 million. This adds over $340 million in crypto liquidation in just 24 hours. Ethereum alone made up more than half of that total.
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Meeting It wasn’t random. Comment from Federal Reserve Chairman Jerome Powell suggests that interest rate cuts could be on the horizon. trader I didn’t do it Please wait. Ethereum surged almost 15% on the news, temporarily rising above $4,842. that’s right Within the 2021 peak of 4,878 contact distance. The market was moving rapidly, and so was the liquidation.
💥Break
$200 million shorts got Rekt in an hour, including 112 million $ eth Just shorts.
The Bulls just torched the bear. This is how the aperture looks. 🔥📈 pic.twitter.com/hzinzco0l9
– Dustybc Crypto (@thedustybc) August 22, 2025
The frenzy of liquidation controls the actions of the crypto
This wave of liquidation I didn’t do it Just hit Ethereum. The broader crypto market has wiped out derivative contracts over $668 million. However, Ethereum was the main driver. the It’s rare to see ETH lead this aggressively, but this week It wasn’t Continued Bitcoin Movement. It was setting the pace.
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Prices over 2021 are the highest ever. Then I’ll pull back
For a while, Ethereum looked ready to set up a new record. However, it slipped after temporarily pushing the 2021 high. At the time of reporting, the price was hovering around $4,773. that I didn’t do it It retains breakouts, but is close enough to remind traders of what momentum ETH can carry when the macro factors line up.
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Why is this more important than just numbers?
this it’s not Only about price. the About how much of a central bank language affects risky assets such as Crypto. One vague comment about future policy has turned the market over and erased hundreds of millions of open positions. In cryptography, the response to headings often exceeds the basics. This week was a textbook case.
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What to see next
Ethereum I didn’t do it It breaks through that ceiling quite a bit, the Now sitting under a level that could cause another level Selection subject Move. If it exceeds the old height, there is It could gain momentum in the next quarter. If not, expect a reset and more volatility as traders are relocated. The Fed uses the edge of play and market, no one I’m still relaxing.
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Key takeout
Over $340 million crypto liquidation hit 24 hours, with Ethereum Shorts leading the wipeout.
Ethereum has temporarily risen above $4,842, following the Fed’s signal on possible rate reductions.
ETH’s rally was triggered across half of all crypto liquidation, outperforming the Bitcoin market’s impact.
Despite touching on the new high, Ethereum returned to about $4,773 as momentum cooled.
Market responses show how much of a macro signal affects crypto, especially Ethereum.
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