The $ETH price is rose, but the amount of short positions increased further, whereas the volume of long positions decreased. Following the price surge, there was a significant increase in short positions. Someone opened a massive short position at the peak. A subsequent price drop followed, during this drop a huge amount of long positions was liquidated. Even though the price of $ETH rose up, there were more liquidations of long positions. This indicating just how many people are trading with high leverage. Greed mostly leads to liquidation.
