🚀 ETH Soars Past $4K, Crushing $105M in Shorts
Ethereum (ETH) ripped through the $4,000 mark on Friday, triggering the day’s biggest short liquidation in the crypto market and setting the stage for a potential short squeeze.
By the numbers:
• ~$105M in ETH shorts wiped out — over half of all crypto short liquidations
• Price spiked to $4,060 before settling near $4,015
• 24h liquidations totaled $129.16M (CoinGlass)
Market chatter:
• Eric Trump on X: “Stop betting against BTC and ETH — you will be run over.”
• Trader Ash Crypto marks $4,100 as key resistance — a clean breakout could push ETH to $4,400–$4,500 fast
• Spot ETH ETFs have attracted $537M in inflows over the past four days (Farside data)
Bullish sentiment building:
• Trader Ted: “It’s never been this bullish” — pointing to rising institutional participation and ETF demand
• Trader Moustache targets $10K+
• Fundstrat’s Tom Lee sees $16K, calling it ETH’s “Bitcoin 2017 moment”
With ETF inflows surging, institutional interest growing, and shorts squeezed, a break above $4,100 could unleash a powerful weekend rally.
