🚀 ETH Breaks $4K, $105M in Shorts Wiped Out
Ethereum (ETH) led Friday’s crypto rally, smashing through $4,000 and triggering the biggest short liquidation in the market. Analysts warn this could set off a massive short squeeze.
By the numbers:
~$105M in ETH shorts liquidated — over 53% of total crypto short liquidations that day
Price peaked at $4,060 before settling near $4,015
24h ETH liquidations totaled $129.16M (CoinGlass)
Even politics chimed in:
Eric Trump on X: “Stop betting against BTC and ETH — you’ll get run over.”
Key resistance ahead:
$4,100 remains a critical barrier, says trader Ash Crypto
A decisive break could propel ETH to $4,400–$4,500 within hours
Rising bullish sentiment:
Trader Ted: “Never been this bullish” — pointing to institutional demand and spot ETH ETF inflows
Spot ETH ETFs have pulled in $537M over the last four days (Farside)
Bold forecasts:
Trader Moustache: ETH could climb above $10K
Fundstrat’s Tom Lee: ETH may surge to $16K, calling it its “Bitcoin 2017 moment”
With ETFs attracting huge inflows, institutional interest climbing, and shorts under pressure, a weekend breakout above $4,100 could send ETH into explosive territory.
