Ethereum (ETH) has recently skyrocketed, breaking through $4,000 for the first time in 8 months, peaking at $4,060, with a 4.6% increase in just 24 hours! This surge has forced many investors who were shorting ETH to close their positions, resulting in over $100 million in short positions being liquidated in just one day.

Notable figure Eric Trump also specifically cautioned those betting on ETH's decline to be careful! Analysts say that if ETH can successfully break through the key resistance level of $4,100, it could trigger a more intense short squeeze, with prices expected to continue soaring.