Ether Surges to $2,769 on Binance Spot Market

Ether experienced a significant surge in price on Binance's spot market, reaching $2,769 at 5:21 p.m. ET on October 2.

This represents a 1.53% increase over the previous hour and puts Ether up 3.38% over the past 24 hours.

The price had been $2,727 an hour earlier, indicating a rapid ascent in value.

A significant portion of liquidations during this time were among short positions, totaling $17.12 million across Binance, Bybit, and OKX exchanges, while long liquidations were much lower at $110,000.

Ether holds the second-largest market capitalization in the crypto space, with a value of approximately $334.6 billion.