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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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🚀 $105M Ether Shorts Obliterated as ETH Breaks $4K — Short Squeeze on the Horizon? 💥
Ethereum (ETH) delivered a powerful rally on Friday, surging past the $4,000 mark for the first time in eight months — and in the process, wiping out $105 million worth of short positions.
The move marked the largest short liquidation across the crypto market, accounting for 53% of the $199.6M in total shorts liquidated, according to CoinGlass. ETH briefly peaked at $4,060 before consolidating near $4,015.
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🔹 Eric Trump Throws Shade at the Bears
Eric Trump, son of U.S. President Donald Trump, mocked bearish traders on X, saying:
> “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.”
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🔹 $4,100: The Make-or-Break Level
Analyst Ash Crypto noted that $4,100 is the critical resistance point:
Breaking it could unleash a short squeeze
Potential upside: $4,400 – $4,500 within hours
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🔹 Institutional Demand Fuels Bullish Sentiment
Spot Ether ETFs have attracted $537M in inflows over the past four trading days.
Trader Ted says it’s “never been this bullish” for ETH.
Analyst Moustache predicts ETH could reach $10K+.
Fundstrat’s Tom Lee believes ETH may be in its “Bitcoin 2017 moment,” with a target of $16K.
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📈 Market Outlook
With institutional inflows accelerating and ETF adoption rising, Ethereum is positioning itself for a potential breakout. If $4,100 falls, traders warn the short squeeze could get violent, rapidly pushing ETH into uncharted territory.
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