US President Donald Trump’s son Eric Trump took to X on Monday to gloat 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 post from Ted Pillows, a partner at crypto exchange OKX who mocked Trump in April after the price of ETH fell in February and March.
“Up 35% in 5 months, Pal. Embrace volatility,” he told another user who also mocked him over Ether’s market dip earlier this year.
“If you were smart you would have also bought the dips (as I said to do).”
Eric Trump has a point
If an investor bought ETH when Trump announced his support for the coin, they would be sitting on an unrealized profit of approximately 30%, as ETH is currently trading at $3,732, up from around $2,877 on Feb. 4, according to CoinGecko.
However, the same investors would have also seen a paper loss if they had done so, as ETH fell nearly 49% over four weeks after Trump’s post. Ether is currently trading up 12% year-to-date.
On Sunday, analyst Gert van Lagen pointed out a striking resemblance between ETH’s current structure and the Dow Jones (DJIA) structure from 1980.
Lagen predicted that ETH could hit $8,000 in early 2026 as it enters the final phase of its long-term bullish pattern.
Related: Bitcoin gets $125K target as trader sees ‘big move’ next, ETH hits $3,750
Trump family’s crypto ties
President Trump and his family have ties to multiple crypto-related ventures that have reportedly resulted in his personal fortune increasing by at least $620 million in the span of a few months.
On Monday, Trump Media and Technology Group, the company that owns Trump’s Truth Social platform, announced that it holds $2 billion worth of Bitcoin and Bitcoin-related securities. The company raised $2.5 billion as part of its Bitcoin strategy, and intends to make further buys depending on market conditions.
Trump’s sons, Donald Trump Jr. and Eric Trump, are among the founders of American Bitcoin, which raised $220 million from institutional investors to buy Bitcoin for its treasury reserve and to buy Bitcoin mining equipment, and all three of Trump’s sons are co-founders of World Liberty Financial, with Trump himself being the co-founder emeritus.
Magazine: Outrage as $1.8B ‘DGCX’ crypto scam ringleader mocks victims: Asia Express
