- Ether set a new all time high of $4,957.67 on Binance and traded at $4,937.01, up 2.93 percent over 24 hours.
- About $57.0832 million in positions were liquidated in the last hour, including $53.4558 million in short positions.
The latest price print shows Ether establishing a fresh high at $4,957.67 on Binance while last trading at $4,937.01 with a 24 hour gain of 2.93 percent. The move coincided with sharp derivatives positioning adjustments that swept through major venues in a short window.
Binance records Ether at $4,957.67 with a daily gain of 2.93 percent
Spot order books tightened as bids stepped up across large tick levels and resting offers thinned near the prior peak. The breakout above the earlier ceiling drew incremental momentum interest from systematic strategies that track new highs.
Price discovery remained orderly with shallow pullbacks that found support near round number levels, indicating that immediate profit taking was absorbed without forcing deep retracements. Wu Blockchain highlighted the fresh high based on Binance market data and noted the sustained trade close to the top of the intraday range.
According to Binance market data, Ethereum has once again set a new all-time high, reaching $4,957.67, and is now trading at $4,937.01, up 2.93% over the past 24 hours. Coinglass data shows that in the past hour, approximately $57.0832 million in positions were liquidated across…
— Wu Blockchain (@WuBlockchain) August 24, 2025
Market depth showed a rotation toward larger notional clips on the bid as price advanced. Funding and basis moved directionally with spot, reflecting an uptick in demand to hold long exposure into strength rather than a dislocation driven by transient imbalances.
Options dealers likely reduced short gamma as spot accelerated, which can reinforce trending conditions when liquidity is concentrated near strike clusters around the recent high.
Coinglass logs $57.08 million in hourly liquidations led by shorts
Derivatives flows provided a parallel signal. Across the market an estimated $57.0832 million of positions were liquidated in the past hour, including approximately $53.4558 million of short positions.
The skew toward short liquidations indicates that forced buying contributed to the price extension once spot crossed key levels and risk parameters were triggered. The scale is material for a one hour window yet modest relative to prior stress episodes, which explains why order books remained functional and spreads contained.
For portfolio managers the sequence matters. New all time highs typically compel benchmark aware investors and mandates with tracking constraints to reassess underweights.
At the same time risk systems anchored to realized volatility may allow incremental notional given that the advance unfolded without outsized wick events.
The interaction between discretionary demand and systematic rebalancing can keep topside levels active provided liquidity remains stable and there is no adverse funding squeeze.
Traders will monitor whether spot holds above the breakout zone on closing prints and whether liquidation intensity fades as positioning resets. Sustained trade near the high would keep option dealers’ hedging flows biased to support on small dips.
A decisive push through the figure with balanced funding would point to continued participation rather than a move dominated by forced covering.
At the time of press, Ethereum is trading at $4,707.74, marking a –1.71% decline over the last 24 hours according to Binance data.
