Eric Trump Taunts Crypto Bears After $105M Ethereum Shorts Get Obliterated

Blood in the crypto water—and Eric Trump's loving it. As Ethereum shorts got liquidated en masse, the former president's son couldn't resist twisting the knife.

Market carnage hits $105M

The liquidation tsunami wiped out nine figures worth of bearish bets in hours. Turns out fighting the ETH bull run is still a great way to light money on fire—ask your local hedge fund manager.

Short sellers left gasping

Leverage works both ways, folks. When ETH's price ripped upward, overconfident bears got their portfolios rearranged. Another reminder that crypto markets eat 'smart money' for breakfast.

Just another Tuesday in DeFi

The crypto casino never closes, and the house always wins. Today's lesson? Never short a market that thrives on making skeptics look stupid.

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.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.