Trump’s Second Son: Don’t Short Crypto! Ethereum Surges to Nearly 4-Year High

Last updated: 9,Aug 2025

Recently, positive news about cryptocurrencies has been pouring in. From the newly passed “Genius Act” to the flood of institutional and retail buying, the market has gained strong momentum. Ethereum, in particular, has seen astonishing growth—on Monday morning it once again broke through US$4,350, reaching its highest level since 2021. Experts say Ethereum is firmly in a bull market and could potentially surpass US$5,000 before year-end.

Meanwhile, banks are jumping in as well. Four banks—Cathay United, CTBC, KGI, and Union Bank—have received approval from Taiwan’s Financial Supervisory Commission (FSC) to begin offering cryptocurrency management services. Analysts believe this could open up new opportunities for traditional finance.

ETF fund manager Yang Ting-chieh from Cathay Digital Payment Services noted:“With regulatory frameworks loosening across various countries, more traditional financial institutions are expected to enter the crypto business. This will likely attract more high-net-worth clients to join the market, further fueling the rally.”

On August 9, Eric Trump, the second son of U.S. President Donald Trump, shocked social media once again by warning against shorting Bitcoin and Ethereum. The announcement lit up the markets. By the early hours of August 10, Ethereum had broken past US$4,300, and on Monday it fluctuated between US$4,200–4,300, peaking at US$4,350—a fresh high not seen since 2021.

This surge was fueled not only by strong buying but also by short sellers being liquidated. According to CoinGlass data, Ethereum short positions worth US$101 million were wiped out in the past 24 hours, highlighting the intensity of the short squeeze. Analysts say that if Ethereum holds above US$4,000, the next resistance level lies at US$4,430, and a successful breakout could pave the way for a move past US$5,000 before the year ends.

More and more companies are following MicroStrategy’s example with Bitcoin, using corporate funds and leverage—through financing, issuing bonds, or raising capital—to accumulate more Ethereum. Whether you look at the daily, weekly, monthly, or quarterly moving averages, all the trends are pointing upward, showing clearly that Ethereum is now in a bull market.”

Ethereum’s rally is charging toward new highs. However, since crypto has no daily price limits, experts advise investors to buy on dips, take profits when appropriate, and enter positions based on their risk tolerance.