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.

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.