Ethereum Price Breaks $4,000 Barrier
Ethereum (ETH) has surged past the $4,000 level, triggering one of the largest short squeezes in recent months. Over $105 million worth of ETH short positions were liquidated, making up 53% of all crypto short losses in a single day.
The rally is fueled by strong institutional inflows into U.S. spot Ethereum ETFs, improving macroeconomic conditions, and heightened network activity in DeFi and NFTs.
Eric Trump’s Bullish Signal
Adding a political twist to the rally, Eric Trump posted on social media:
"Stop betting against BTC and ETH—you will be run over."
The comment quickly gained traction among crypto traders and influencers, adding momentum to the bullish sentiment.
Key Levels to Watch
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Immediate Resistance: $4,100
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Bullish Target: $4,400–$4,500
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Long-Term Goal: Potential retest of all-time highs if momentum sustains
Breaking above $4,100 could unleash another wave of buying, potentially pushing ETH toward the mid-$4,000 range.
Today’s Top 5 Crypto, Airdrop & Blockchain Headlines
1. Midnight Network’s Glacier Drop
The Glacier Drop airdrop is distributing 3.08% of NIGHT tokens across 8 blockchains, including Ethereum and Cardano, marking a significant step in multi-chain adoption.
2. Binance Sidekick Token Two-Phase Airdrop
Binance has launched a two-phase airdrop for the Sidekick (K) token, rewarding users based on their Alpha Points holdings.
3. Binance Alpha Airdrop Claims Open
Binance users with at least 237 Alpha Points can now claim their share of the Alpha Airdrop, continuing the platform’s active rewards program.
4. Ethereum Eyes $6,800
Analysts forecast a potential ETH climb toward $6,800 in the coming months if institutional interest and DeFi adoption continue at current levels.
5. Celestia (TIA) Crashes 90%
Celestia’s TIA token has fallen by 90% following aggressive token unlocks, raising questions about the sustainability of post-airdrop valuations.
Market Context
With Ethereum’s powerful short squeeze, several high-profile airdrops, and sharp market movements, traders are navigating a high-volatility environment full of both risk and opportunity.
