Ethereum Shatters 2021 All-Time High with Blistering 15% Rally
ETH rockets past previous records as institutional money floods into the ecosystem.
The Breakthrough Momentum
Ethereum isn't just climbing—it's exploding through resistance levels that held for nearly four years. That 15% surge didn't just push prices higher; it rewrote the history books in a single trading session.
Market Mechanics Behind the Move
Spot buying overwhelmed derivatives markets, creating a squeeze that forced shorts to cover at progressively worse prices. Liquidity vanished faster than a hedge fund's ethics during a bull run.
What Comes After ATH?
New price discovery means traditional technical analysis gets thrown out the window. The only resistance left is psychological—and judging by the order books, that won't last long either.
Market-Wide Rally
Bitcoin jumped more than 4% over the past 24 hours, climbing to roughly $117,000 as of press time.
Major cap altcoins followed Bitcoin and Ethereum. BNB recorded a new all-time high of $900 and is priced after climbing over 7% over the period, while XRP, Solana, and Dogecoin posted double-digit percentage gains.
Traditional markets mirrored crypto’s performance, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average each rising approximately 2%.
The US dollar weakened against Gold and other major assets as investors anticipated easier monetary conditions.
Recovering from multi-year lows
Ethereum’s breakthrough marks a significant reversal from its multi-year low of $1,385.41 reached in April 2025, the token’s lowest price level since March 2023.
The rally damaged Leveraged traders, with Coinglass data revealing over $553 million in liquidated positions during the past 24 hours.
Short sellers bore the brunt of losses, accounting for $308 million in liquidations, while long positions shed about $325 million. ethereum dominated liquidation volumes with $251 million erased, followed by Bitcoin at $102 million.
The Fed’s potential September rate cut could expand liquidity further, potentially extending crypto’s current momentum as markets remain closely tied to US monetary policy decisions.
