Eric Trump Warns Against Ether Shorts as Price Tops $4,000
Ether price surged past $4,000 for the first time since December 2024, hitting $4,060 after a 4.6% 24-hour gain. This move triggered roughly $105 million in short position liquidations. Analysts warn that breaking the $4,100 resistance could spark a short squeeze, potentially pushing the Ether price to $4,400–$4,500. The rally is driven by growing institutional interest and demand for Ether ETFs. Eric Trump cautioned traders against betting on further declines, highlighting the risks of bearish positions amid a bullish market. Traders are advised to monitor resistance levels and rising market sentiment for possible trading opportunities.
Bullish
Ether’s breakout above $4,000 and the consequent $105 million in short liquidations signal a clear shift from bearish to bullish sentiment. The potential short squeeze at the $4,100 resistance mirrors past rallies, such as Ether’s run in early 2021, where liquidations accelerated momentum. Short term, traders may see heightened volatility and rapid gains if the price clears key levels. Long term, sustained institutional interest and growing ETF demand could underpin further upside. Overall, the news strengthens positive market dynamics and encourages bullish positioning.