Key facts: CRYPTO:ETHUSD $988M Short at $2,555; Hayes Sees 3-5x

Coinglass data: ETHUSD spot CFD — a rise above $2,555 risks ~$988M in short liquidations; a fall below $2,320 risks ~$708M in long liquidations.Spot ETHUSD saw net inflows of about $102.1M on Aug 28, with ETHA drawing ~$83.8M, while Bitcoin spot ETFs had roughly $202M in outflows that day.Arthur Hayes names Ethereum top crypto pick, forecasting a 3–5x rise based on underappreciation since 2021 and Ethereum’s role in DeFi and strong developer ecosystem for ETHUSD spot CFD traders.This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.