ETH Price Holds at $2,500 as Futures Liquidations Rise
The price of Ether (ETH) has managed to hold on to the $2,500 mark, despite an increase in futures liquidations. According to data from monitoring resource Coinglass, $15.03 million of ETH shorts were liquidated on January 16, compared to $5.3 million in long liquidations. This surge in liquidations coincided with the ETH/USD pair reaching highs of $2,614, breaking through the resistance at $2,500.
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