Eric Trump, the son of US President Donald Trump, taunted bearish merchants on X as crypto costs jumped on Friday.
He informed his practically 6 million followers that seeing Ethereum shorts “get smoked” put a smile on his face and warned that anybody shorting Bitcoin or Ethereum “will likely be run over.”
On the similar time, Bitcoin pushed previous $117,000 and Ether climbed again above $4,200.
Coverage Transfer Sparks A Recent Rally
Based on market reviews, a current government motion signed by President Trump helped spark the transfer. The order was tied to retirement account guidelines and stirred discuss that 401(ok) flows may turn into extra crypto pleasant, which pushed funds and merchants to rethink bearish bets.
Worth swings adopted rapidly, and merchants who had wager in opposition to the rally discovered themselves below stress.
It places a smile on my face to see ETH shorts get smoked at present. Cease betting in opposition to BTC and ETH – you’ll be run over.
— Eric Trump (@EricTrump) August 8, 2025
Experiences have pointed to heavy shopping for from US spot ETFs and a handful of treasury consumers which can be grabbing up Ether. That clearing of provide on exchanges is making it tougher for sellers to maintain the worth down.
Ether’s leap above $4,200 was the primary time it hit that stage since December 2024, and market gamers mentioned it helped spark a wave of brief masking that amplified the positive factors.
Shorts Took The Brunt
Based mostly on trading-data summaries, about $208 million of Ethereum positions have been liquidated in a 24-hour window, which made up over 56% of practically $370 million wiped from the futures market throughout that span.
Of the Ether losses, round $184 million got here from brief positions and $24 million from longs. That flood of compelled exits pushed the rebound to be sharper than many anticipated.
Eric Trump’s put up added gasoline to the social aspect of the transfer. He’s been vocal about shopping for each Ether dip, and his message was one in every of glee as bears have been squeezed.
Merchants watching the tape mentioned the combo of coverage headlines, ETF inflows, and social media warmth created the proper setup for fast, risky strikes.
Analysts Supply Wildly Completely different Paths
Analysts are cut up on how excessive Ether may go if the momentum holds. Some put a bullish state of affairs that reaches towards $16,000 by year-end below favorable circumstances.
Different market voices have sketched much more aggressive paths, with one analyst suggesting a close to sevenfold rise towards $25,000 in an excessive case.
These calls sit beside extra cautious takes that warn the experience may reverse simply as quick.
Eric Trump believes these betting in opposition to Bitcoin and Ethereum may face heavy losses, including social warmth to a rally pushed by coverage strikes and ETF inflows.
Featured picture from Pexels, chart from TradingView
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