Ethereum Surges to $4,200, Triggering $200 Million in Liquidations; Eric Trump Reacts

Ethereum has outpaced other major cryptocurrencies over the past 24 hours, gaining 7% and nearly 20% for the week. It currently trades near $4,200, a level not seen since December 2021. The recent rally led to over $200 million in liquidations, mostly from short positions totalling around $185 million.

Eric Trump weighed in, expressing pleasure at the downfall of ETH shorts and advising against betting against Bitcoin and Ethereum. The broader market also experienced a positive upswing, with many altcoins posting strong gains.