Ethereum has just had a massive day, soaring by more than 15%
Ethereum, the second-largest cryptocurrency, experienced a major rally on Saturday, soaring by more than 15%.The cryptocurrency climbed to as high as $1,422, the highest level since June 13.
Roughly $196.72 million worth of Ethereum short positions has been liquidated over the past 24 hours due to the big price surge, CAccording to data provided by Coinalyze, Ethereum topped Bitcoin in terms of trading volume on futures markets on Saturday.Ethereum managed to gain as much as 12% against Bitcoin on July 16, with the ETH/BTC pair touching the highest level since late May.
Earlier this week, Tim Beiko, one of the top figures in the Ethereum Foundation, recently announced that the much-awaited Ethereum upgrade would take place in September.
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