$105M Ether shorts wipeout put 'a smile' on Eric Trump's face

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.

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