Ether (ETH) surpassed the $4,000 mark on Aug. 8, hitting its highest level this year. Short positions against ETH suffered losses totaling $134 million in the past 24 hours. ETH’s breakout comes amid a surge in institutional interest in the digital asset.

Ether (ETH) surpassed the $4,000 mark on Aug. 8, hitting its highest level this year. Short positions against ETH suffered losses totaling $134 million in the past 24 hours. ETH’s breakout comes amid a surge in institutional interest in the digital asset.

Source: https://cryptoslate.com/ethereum-rallies-above-4000-following-blistering-50-surge-in-a-month/