Ether has maintained its rally while outperforming bitcoin as market volatility prompts a surge in short ETH liquidations.

Ether short positions bore the brunt of market volatility damage as the digital asset rose above the $3,600 mark on Monday. According to Coinglass data, there were over $27 million in ether short liquidations in the past 24 hours. In the wider cryptocurrency market, there have been over $204 million in liquidations over the past 24 hours.

Ether increased by around 1% in the past 24 hours and was changing hands for $3,605 at 4:38 a.m. ET, according to The Block's Price Page. 

Bullish factors for ether

According to CoinShares Research Associate Luke Nolan, the news of BlackRock’s tokenized …