Eric Trump Mocks Bears As $105M in Ethereum Shorts Get Liquidated
Ethereum saw the biggest short liquidation in the crypto market on Friday, wiping out $105 million in bearish bets as the price surged past $4,000 for the first time in eight months. The move drew reactions from high-profile figures, including Eric Trump, who warned traders against betting against Bitcoin and Ethereum.
In Brief
- $105 million in Ether shorts were liquidated Friday as ETH broke $4,000 for the first time in eight months.
- Eric Trump told his 5.8 million followers to “stop betting” against Bitcoin and Ether, warning bears they will be “run over.”
- Traders see $4,100 as a key resistance level that could trigger a short squeeze toward $4,400-$4,500, with bullish predictions reaching $10,000-$16,000.
Trump: “Stop betting against BTC and ETH”
“It puts a smile on my face to see ETH shorts get smoked today. Stop betting against BTC and ETH – you will be run over,” Eric Trump said in an X post to his 5.8 million followers.
According to CoinGlass, around $105 million in Ethereum shorts were liquidated , accounting for 53% of the total $199.61 million in shorts wiped out across the entire crypto market on Friday.
Crypto trader Ash Crypto highlighted $4,100 as the “major resistance” level to watch:
If ETH breaks $4100, it could trigger a short squeeze which will send ETH to $4400-$4500 in just a few hours.
Sentiment turns bullish
Crypto trader Ted said: “It’s never been this bullish in my opinion,” citing growing institutional demand and strong inflows into spot Ethereum ETFs. Farside data shows that spot Ethereum ETFs have attracted about $537 million in inflows over the past four trading days.
Price forecasts have also turned aggressive. After ETH crossed the $4,000 mark, trader Moustache said: “I know it sounds wild, but I think ETH will go to $10,000+.” Fundstrat co-founder Tom Lee went further, claiming on Thursday that Ethereum is having its “ Bitcoin 2017 moment” and could climb as high as $16,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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