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- ๐ข Exclusive on Gate Square โ #PROVE Creative Contest# is Now Live!
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๐ Event PeriodAugust 12, 2025, 04:00 โ August 17, 2025, 16:00 UTC
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - ๐ Gate Square #Gate Blue Challenge# ๐
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Dare to trade. Dare to win.ย
๐ $105M Ether Shorts Obliterated as ETH Breaks $4K โ Short Squeeze on the Horizon? ๐ฅ
Ethereum (ETH) delivered a powerful rally on Friday, surging past the $4,000 mark for the first time in eight months โ and in the process, wiping out $105 million worth of short positions.
The move marked the largest short liquidation across the crypto market, accounting for 53% of the $199.6M in total shorts liquidated, according to CoinGlass. ETH briefly peaked at $4,060 before consolidating near $4,015.
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๐น Eric Trump Throws Shade at the Bears
Eric Trump, son of U.S. President Donald Trump, mocked bearish traders on X, saying:
> โIt puts a smile on my face to see ETH shorts get smoked today. Stop betting against BTC and ETH โ you will be run over.โ
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๐น $4,100: The Make-or-Break Level
Analyst Ash Crypto noted that $4,100 is the critical resistance point:
Breaking it could unleash a short squeeze
Potential upside: $4,400 โ $4,500 within hours
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๐น Institutional Demand Fuels Bullish Sentiment
Spot Ether ETFs have attracted $537M in inflows over the past four trading days.
Trader Ted says itโs โnever been this bullishโ for ETH.
Analyst Moustache predicts ETH could reach $10K+.
Fundstratโs Tom Lee believes ETH may be in its โBitcoin 2017 moment,โ with a target of $16K.
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๐ Market Outlook
With institutional inflows accelerating and ETF adoption rising, Ethereum is positioning itself for a potential breakout. If $4,100 falls, traders warn the short squeeze could get violent, rapidly pushing ETH into uncharted territory.
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