<ul data-eligibleForWebStory="false"><li>Ethereum's price surged 6% to above $2,800 driven by Bitcoin's rally to $112,000 and optimism around ETH whale activity.</li><li>Over $500 million in leveraged positions, including $139 million in ETH, were liquidated, leading to sharp price movements across major exchanges.</li><li>Institutional interest and increased buying activity are expected to propel Ethereum's price higher, with the anticipation of a breakout above $3,000.</li><li>Despite over $500 million in liquidations impacting leveraged traders, market sentiment remains cautiously optimistic, supported by institutional inflows and Ethereum's role as a foundational blockchain.</li></ul>

Ethereum price surges 6% to $2,800 as shorts suffer amid $500M crypto liquidation

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