- Eric Trump reacted after Ether surged past $4000 and short sellers faced large liquidations.
- Ether short positions worth $105 million were liquidated as price jumped to levels not seen since December 2024.
- Spot Ether ETFs saw $537 million in inflows in four days adding support and boosting market confidence.
Eric Trump commented after Ether surged past $4,000 on Friday, sparking the largest short liquidation in recent weeks. His reaction came as the market shift forced traders holding bearish positions to exit quickly. Trump highlighted the risks of betting against top cryptocurrencies in such a volatile environment. His remarks signaled growing attention from outside traditional finance circles.
Ether’s sharp price jump to $4,060 marked its first move above $4,000 since December 2024. This move liquidated $105 million in Ether short positions, according to CoinGlass data. These liquidations accounted for 53% of all crypto short liquidations that day, totaling nearly $200 million.
Short Covering Drives Rapid Price Movement
The sudden price rise triggered a short squeeze across Ether markets. As short positions were liquidated, further upward pressure followed. This created a feedback loop that helped push Ether past key levels.
The asset settled near $4,015 by session close. Market observers noted that the 4.6% price increase happened within a short time frame. Traders caught on the wrong side of the move were forced to cover, accelerating the price rally.
Short squeezes often develop in markets with heavy bearish bets. As liquidations occur, demand increases, causing prices to move higher. This pattern emerged in Ether’s Friday session, reinforcing how quickly conditions can change in crypto.
$4,100 Resistance Level in Focus
Market participants are closely watching the $4,100 level. This range has become a key resistance point for Ether. Analysts believe a decisive break above this threshold could lead to a larger move.
A clear move past $4,100 may open the door to new highs. Some projections suggest Ether could test $4,400 or even $4,500 if momentum holds. Traders are monitoring volume and sentiment as Ether approaches these levels.
The market’s response to the resistance zone will likely determine the next short-term trend. If resistance holds, a pullback may follow. However, if bulls push through, another wave of liquidations could occur.
ETF Inflows Boost Market Confidence
Recent ETF inflows have strengthened Ether’s upward momentum. Data from Farside shows that spot Ether ETFs recorded $537 million in net inflows over the past four trading sessions. These figures reflect growing institutional interest in Ethereum.
ETF activity has added both liquidity and stability. Analysts say this increases Ether’s appeal to long-term investors. It also provides a support base during sharp moves like Friday’s rally.
The ETF inflows mirror broader trends toward regulatory clarity. As institutions gain exposure, retail interest remains steady. Combined, these forces are contributing to Ether’s sustained strength.
