Ether Rises 2.2% in Four Hours to $2,534 as Short Liquidations Climb

Ether (ETH) climbed 2.20% in four hours to $2,534 at 2:34 a.m. ET (06:34 UTC) Tuesday, reversing part of its broader 24-hour decline.

The asset rose from $2,479 four hours earlier to $2,534 on Binance’s ETH/USDT spot market. Despite the short-term jump, ETH remained down 1.28% from its price 24 hours earlier.

Short liquidations totaled $140,000 across Binance, Bybit and OKX during the same hour. Long liquidations totaled $0.

Ether is the cryptocurrency used on the Ethereum network and ranks as the second-largest crypto asset by market capitalization, at about $308.78418 billion.