$105M Ether shorts got ‘smoked,’ Eric Trump throws shade at bears
Eric Trump warned to “stop betting” against Bitcoin and Ether as the price of Ether surpassed $4,000 for the first time in eight months.
Ether saw the largest short position wipeout of the day across all crypto assets on Friday as its price surpassed $4,000, with some analysts saying it could be setting the stage for a short squeeze.
The rally led to Eric Trump, son of US President Donald Trump, taking a jab at bearish traders.
“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,” Trump said in an X post on Friday.