Eric Trump Urges Caution Against Betting on Ether as Price Surpasses $4,000, Sparking Short Squeeze Speculation
Main Idea
Ether's price surged past $4,000, prompting Eric Trump to caution against bearish positions, while analysts predict further gains if it breaks the $4,100 resistance level.
Key Points
1. Ether's price reached $4,060, a 4.6% increase in 24 hours, with $105 million in short positions liquidated.
2. Analysts suggest a potential short squeeze if Ether surpasses the $4,100 resistance, possibly reaching $4,400-$4,500.
3. Eric Trump advised against short positions due to the bullish market trend.
4. Total liquidations over the past 24 hours amounted to $129.16 million.
5. The surge is attributed to strong market demand and interest in Ether ETFs.
Description
Ether has surpassed $4,000 for the first time in eight months, leading to significant short position liquidations and warnings from Eric Trump against bearish traders. Ether’s price reached $4,060, marking
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