Ethereum Breaks Above $4,000

🔷For the first time in eight months, Ethereum surged past the $4,000 mark, triggering massive short liquidations totaling $108 million — 72% of all short positions on the crypto market in the past 24 hours. The sharp rally drew public attention, with U.S. President’s son Eric Trump stating on X that betting against Ethereum and Bitcoin is doomed to fail.
🔷Optimism is further fueled by inflows into spot Ethereum ETFs, which have attracted $537 million over just four trading days, adding pressure on bearish positions. With strong institutional interest and aggressive short covering, traders are now projecting the next leg up, targeting $10,000–$16,000.