Ether is ignoring bearish headwinds in the crypto market by showing strength at the $2,500 support level.
Ether (ETH) price is holding on to the $2,500 handle even as data shows futures liquidations rising.
According to data from monitoring resource Coinglass, Jan. 16 saw $15.03 million of ETH shorts liquidated against $5.3 million long liquidations.
This coincided with the ETH/USD pair rising to highs of $2,614, breaking through the resistance at $2,500.
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Source: https://cointelegraph.com/news/3-reasons-why-ethereum-eth-price-is-strengthening-against-bitcoin