The cryptocurrency community is discussing the liquidation of $105 million in Ether shorts, occurring as prices surged above $4,000. Eric Trump, who highlighted this moment on social media, brought attention to the potential market implications.
Ether Short Liquidation
Eric Trump publicly celebrated the **liquidation of $105 million** in Ether shorts, following a rapid price surge that broke [**$4,000**](https://twitter.com/Ashcryptoreal/status/1953836501881495651). This event emphasizes the significant market volatility and raises anticipation for a potential short squeeze if Ether breaches the $4,100 level.
53% of Crypto Shorts Eliminated
The liquidation event marked the elimination of approximately 53% of short positions that day. Eric Trump posted on social media about his satisfaction with the event, causing a stir in the cryptocurrency community. Financial analysts suggest a potential rise to $4,400-$4,500 if **Ether breaks the $4,100 resistance**.
Experts Predict Price Movements for Ethereum
Large-scale **short liquidations have historically led to rapid price hikes** in the crypto market. Previous patterns, including the October 2023 rally, resulted in significant market movements. According to market analysis, Ether prices could escalate quickly if momentum continues. Eric Trump once remarked, “It puts a smile on my face to see ETH shorts get smoked today. Stop betting against BTC and ETH - you will be run over.”
The situation surrounding the liquidation of Ether shorts highlights the volatility of the cryptocurrency market and the activity of participants. Expectations of new price levels may significantly influence trading strategies, and Ethereum's future remains closely watched by analysts.
