Ether (ETH) Jumps 8.3% as Short Liquidations Top $255M

Key Facts

Ether (ETH) rose as much as 8.3% on September 11, its biggest move in 3 weeks, while liquidations of short positions topped $255 million over 24 hours, according to CoinGlass figures cited by two separate reports.

About $188 million in Ether positions were liquidated in 1 hour. Binance also recorded roughly $76 million in Ether liquidations over 24 hours, although the published data do not classify every Binance position or every position liquidated during that hour as a short.

A short position is liquidated when a leveraged trader's collateral can no longer absorb a price increase and the venue forcibly closes the trade. Simultaneous closures can add buying demand and accelerate a rally, but liquidation totals alone do not prove that this was the move's only cause.

The reports also pointed to negative funding rates in Ether perpetual futures. Negative funding means short holders pay long holders during the funding interval; it indicates an imbalance in positioning at that moment, not independent proof of the price's subsequent direction.

EL7 price data provide a more precise view of the session: ETHUSD reached a high of $2,665.99 and a low of $2,433.77 before closing at $2,546.15 on September 11, 2026.

The close below the session high shows that part of the advance faded before the daily bar ended, so the 8.3% intraday jump should not be read as a closing gain of the same size. Whether the move persists depends on spot demand, changes in open interest and funding rates after the liquidation wave passes.