Ethereum Skyrockets to $4.2K, $200 Million Wiped Out, Eric Trump Celebrates

Ethereum has outperformed other large-cap cryptocurrencies in the last 24 hours, seeing a 7% gain and an almost 20% increase over the week. The cryptocurrency is trading at around $4,200, a significant achievement since it last reached this price in December 2021. Ethereum accounted for most of the liquidations in the last 24 hours, with over $200 million wiped out, including $185 million in shorts.

Eric Trump has expressed satisfaction with this turn of events, advising against betting against Bitcoin and Ethereum. Other areas of the market have also seen a positive trend, with numerous altcoins recording substantial gains.