US President Donald Trump’s son Eric Trump took to X on Monday to brag as Ether surpassed $3,800 amid a month-long rally.
“How am I doing now @TedPillows?” Trump wrote on Monday, replying to a three-month-old X submit from Ted Pillows, a accomplice at crypto change OKX who mocked Trump in April after the value of ETH fell in February and March.
“Up 35% in 5 months, Pal. Embrace volatility,” he told one other consumer who additionally mocked him over Ether’s market dip earlier this yr.
“For those who have been sensible you’ll have additionally purchased the dips (as I stated to do).”
Eric Trump has a degree
If an investor purchased ETH when Trump announced his help for the coin, they might be sitting on an unrealized revenue of roughly 30%, as ETH is at present buying and selling at $3,732, up from round $2,877 on Feb. 4, according to CoinGecko.
Nevertheless, the identical traders would have additionally seen a paper loss if that they had achieved so, as ETH fell practically 49% over 4 weeks after Trump’s submit. Ether is at present buying and selling up 12% year-to-date.
On Sunday, analyst Gert van Lagen identified a placing resemblance between ETH’s present construction and the Dow Jones (DJIA) construction from 1980.
Lagen predicted that ETH might hit $8,000 in early 2026 because it enters the ultimate section of its long-term bullish sample.
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Trump household’s crypto ties
President Trump and his household have ties to a number of crypto-related ventures which have reportedly resulted in his private fortune increasing by at least $620 million within the span of some months.
On Monday, Trump Media and Know-how Group, the corporate that owns Trump’s Fact Social platform, introduced that it holds $2 billion worth of Bitcoin and Bitcoin-related securities. The corporate raised $2.5 billion as a part of its Bitcoin technique, and intends to make additional buys relying on market circumstances.
Trump’s sons, Donald Trump Jr. and Eric Trump, are among the many founders of American Bitcoin, which raised $220 million from institutional investors to purchase Bitcoin for its treasury reserve and to purchase Bitcoin mining gear, and all three of Trump’s sons are co-founders of World Liberty Monetary, with Trump himself being the co-founder emeritus.
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