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.
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I've been passionate about crypto for nearly a decade, ever since I was young and first became curious about investing. That early spark led me to years of research, writing, and exploring the future of decentralized tech.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.