Darling, it appears that Mr. Eric Trump has decided to take a humorous jab at those overly confident traders betting against Ethereum, only to watch over $173 million evaporate faster than a soufflé in a hot oven. C’est la vie, cherchant traders, c’est la vie!
ETH Rally Turns Short Sellers into Laughing Stocks
On a particularly dramatic August day, our dear Eric Trump, with all the subtlety of a bull in a china shop, declared that watching Ethereum’s rally was simply grinningly delightful. He twitted, “It puts a ‘smile on my face’ to see ETH shorts get smoked today.” Ah, the sweet smell of victory-or is it just kerosene for the fire?
He then graciously warned traders to cease their futile bets against ETH and Bitcoin, lest they find themselves flattened like a pancake on Shrove Tuesday. One might think he’s auditioning for a new comedy skit, yet, here we are, watching the crypto circus unfold.
Meanwhile, ETH decided to strut past the $4,000 milestone for the first time since last December, impressing everyone except those who still believe in short positions. It surged by 25% over just one week, trading happily at around $4,240, as if to mock the shorts with a little dance. Trump’s mood might just be as buoyant as the coin itself.
Data from Coinglass reveals that over 95,000 traders were liquidated, with casualties topping $350 million, making the entire thing look like a fireworks display of financial fireworks – splendid, yet fiery. A staggering 60% of those liquidated shorts went up in smoke, or so the numbers suggest.
Despite all the hubbub and the liquidation madness, the technical charts whisper fabulous news-ETH’s bullish stance remains firm, hinting that the short-sighted traders may be in for another dose of disappointment. Reports suggest that a breakout past $4,250 with volume could ignite a rally towards $4,300 and maybe even $4,500, as if that were just a warm-up act.
As of now, ETH tiptoes just below $4,250, possibly gearing up for another spin on the rollercoaster. Meanwhile, the social media chatter echoes with predictions of even grander milestones-because after all, who doesn’t love a good rally wrapped in a cloak of sarcasm? 😏🚀
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2025-08-10 00:27