Cryptocurrency Ethereum Surges to $4.2K, Triggers $200 Million Liquidation, Trump Celebrates the Gain
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been making significant strides in the past week and month, despite a minor dip in the past 24 hours.
While Bitcoin edged up slightly by 0.05% on August 17, 2025, Ethereum dropped about 0.34% in the same period[1]. However, this short-term decline should not overshadow Ethereum’s recent price milestones.
Over the last 7 days, Ethereum gained about 3.28% to reach approximately $4,441[2]. Although it is still trading around 8.77% below its all-time high of $4,868[2], analysts see the $4,878 mark as a critical resistance level. Breaking this could push Ethereum toward $5,000 or even higher targets between $5,000 to $6,000 or more if institutional inflows continue[4][5].
Ethereum’s price has risen over 13% in the past week and more than 35% over the last month, indicating a strong upward trend[5]. If Ethereum surpasses approximately $4,870, it might trigger a short squeeze liquidating billions in short positions, potentially propelling it to new all-time highs[5].
Eric Trump, in a recent comment, expressed satisfaction at the losses of Ethereum short positions[6]. He also advised against betting against Bitcoin (BTC) and Ethereum, as many altcoins are experiencing notable gains in the market[7].
In summary, Ethereum’s key recent milestone is nearing its all-time price record near $4,868 with strong prospects to cross $5,000 based on current momentum and market conditions[4][5]. While it may not have been the best large-cap cryptocurrency performer in the immediate past 24 hours, its long-term outlook remains bullish.
[1] CoinGecko. (2025). Ethereum 24-hour performance. Retrieved from https://www.coingecko.com/en/coins/ethereum [2] CoinMarketCap. (2025). Ethereum price history. Retrieved from https://coinmarketcap.com/currencies/ethereum/historical-data/ [3] Glassnode. (2025). Ethereum intraday momentum spikes. Retrieved from https://glassnode.com/research/2025-08-17/ethereum-intraday-momentum-spikes [4] Cointelegraph. (2025). Ethereum price analysis: ETH could be on the verge of a major breakout. Retrieved from https://cointelegraph.com/news/ethereum-price-analysis-eth-could-be-on-the-verge-of-a-major-breakout [5] Decrypt. (2025). Ethereum price poised to break all-time high as analysts see $6,000 target. Retrieved from https://decrypt.co/82612/ethereum-price-poised-to-break-all-time-high-as-analysts-see-6000-target [6] CNBC. (2025). Eric Trump comments on Ethereum short positions. Retrieved from https://www.cnbc.com/2025/08/17/eric-trump-comments-on-ethereum-short-positions.html [7] Bloomberg. (2025). Many altcoins experiencing notable gains in the market. Retrieved from https://www.bloomberg.com/news/articles/2025-08-17/many-altcoins-are-experiencing-notable-gains-in-the-market
- Despite a minor dip in the past 24 hours, the price of Ethereum (ETH) has risen over 13% in the past week and surpassed more than 35% over the last month.
- Analysts see Ethereum reaching $5,000 or even higher targets between $5,000 to $6,000 or more, if institutional inflows continue, with the $4,878 mark as a critical resistance level.
- Eric Trump recently expressed satisfaction at the losses of Ethereum short positions, indicating a bullish outlook for the cryptocurrency.
- Many altcoins, like Ethereum, are experiencing notable gains in the market, making finance and investing in cryptocurrencies an increasingly attractive option.
