Ethereum prices reached a new peak, leading to significant short liquidations. The engagement of high-profile individuals on social media adds to the market's dynamic.
Ethereum Short Liquidation
On Friday, approximately $105 million in Ethereum shorts were liquidated, accounting for 53% of the total $199.61 million liquidated across the crypto market. This occurred as Ethereum's price surged past $4000 for the first time in eight months.
Reactions from Public Figures
Eric Trump took to X to urge traders to 'stop betting' against Bitcoin and Ethereum, stating, *'It puts a smile on my face to see ETH shorts get smoked today. You will be run over.'* His remarks highlight the growing concern among bears in the market.
Bullish Forecasts for Ethereum
Many crypto traders are beginning to anticipate significant price increases, suggesting Ethereum could exceed $10,000. Trader Moustache remarked, *'I know it sounds wild, but I think ETH will go to $10,000+.'* Meanwhile, Fundstrat co-founder Tom Lee suggested that Ethereum is experiencing its *'Bitcoin 2017 moment'* and could climb as high as $16,000.
The situation in the Ethereum market remains dynamic, with many investors and traders anticipating further growth. The question of whether bears can survive in a rising market remains open.
