Ethereum Soars to $4.2K Amidst $200M Liquidations; Eric Trump Cheers ETH Short Losses

Ethereum has experienced a significant price surge, reaching approximately $4,200, a level not seen since December 2021. This rally has led to substantial liquidations in the crypto market, with over $200 million wiped out in the past 24 hours, predominantly affecting short positions. Notably, Eric Trump expressed his satisfaction with the liquidation of Ethereum shorts, advising against betting against major cryptocurrencies like Bitcoin and Ethereum.