Ethereum Price Tops $4k But Traders Buy This DOGE Derivative

Ethereum Price Tops $4,000 As Eric Trump Mocks ETH Shorts, While Traders Rush To Buy This Dogecoin Derivative With 10X Potential

ByAlex Murage

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Updated: 09 August 2025

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The Ethereum price has climbed 2% in the last 24 hours to trade at $4,028 as of 11:08 a.m. EST on a 6% drop in trading volume to $35 billion.

ETH has surged past the $4,000 mark, sparking renewed excitement in the crypto market.

Eric Trump took to social media to mock traders who had shorted ETH, highlighting their losses amid the rally. Trump warned against betting against both Bitcoin and Ethereum, hinting at further potential gains ahead.

Eric Trump mocks ETH shorts’ losses, warns against betting on BTC & ETH. https://t.co/vVMWY70LZD

— Crypto Money Mantra 💰 (@CryptoMoneyMntr) August 8, 2025

Ethereum Nears Breakout As Bulls Eye This Resistance

The ETH price on the 6-week chart shows that the asset is on a strong bullish momentum, currently trading at $4,028 after a sharp 15% gain.

Ethereum Price action is trading just below a major horizontal resistance zone around $4,930–$4,950. This is a level that has repeatedly capped advances since 2021.

The 50-day Simple Moving Average (SMA) is trending upward and well below the current price of Ethereum at $2,195. This reinforces the longer-term bullish bias. The current setup suggests ETH is in a consolidation phase within a larger uptrend, with the potential for a breakout if resistance is cleared.

Meanwhile, the Relative Strength Index (RSI) is at 59.91, which is an indication of a healthy bullish momentum without being overbought. This gives the price of ETH enough space to soar without being overextended.

The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the blue MACD line above the orange signal line and both trending upward, signaling renewed buying strength.

Moreover, the Chaikin Money Flow (CMF) is positive at 0.12, suggesting net capital inflows into the market. The CMF also supports Trump’s view of ETH being on a continued rally.

If the Ethereum price breaks and sustains above the $4,950 resistance, Fibonacci extensions point toward a potential rally toward $13,455 (0.272 Fib level) in the longer term.

ETH/USD Chart Analysis (Tradingview)

However, failure to break this ceiling could trigger another pullback toward the $2,195 (50-day SMA) support zone before another attempt higher.

Meanwhile, opportunistic investors are buying a new Dogecoin derivative, currently in presale, called Maxi Doge Token (MAXI). According to the 99Bitcoin YouTube channel with over 723K subscribers, MAXI has the potential to soar 10X after launch.

Maxi Doge Token Presale Races Past $500K – Next Big Crypto?

Maxi Doge is Dogecoin’s rebellious younger cousin, the one who watched from the sidelines in 2017 and 2021, ridiculed while his cousins and their communities got rich.

But this never held him back. It motivated him to work even harder. He hopped on “MAXITREN,” studied, and now he’s sipping redbull, in a room, by himself, ready to make bank.

The Maxi Doge token presale launched on Ethereum with an explosive start, raising over $100,000 in a few minutes. The total funds raised have now soared past the $535,000 mark.

🚨 $MAXI is now live in Upcoming Tokens! 🚨@MaxiDoge_ is a meme coin built for traders who play hard, lift heavy, and never stop watching the charts.

How to get started:
📲 Download Best Wallet
🔥 Check out $MAXI in Upcoming Tokens

Join Now! 👉 https://t.co/mV4V8pg1Ei pic.twitter.com/bN11nslpq4

— Best Wallet (@BestWalletHQ) July 29, 2025

The project, styled as the ‘alpha dog’ of the current meme coin cycle, is already generating buzz among traders chasing the next DOGE or SHIB-style breakout.

MAXI is referred to as a high-octane, gym-bro evolution of Dogecoin, and it embraces the meme-first, utility-free model that defined some of crypto’s biggest returns.

The project reimagines the iconic Doge meme as a 240-lb canine juggernaut embodying the sheer willpower to help day-to-day investors unlock maximum gains all together.

Its main aim is to build a community-driven ecosystem that thrives on harnessing the 1,000x energy, sharing leveraged insights, competitions, and meme-driven camaraderie to unlock maximum returns together.

The team has set 5% of its 150.24 billion total supply for staking. If you buy and stake, the project offers a massive 513% annual percentage yield (APY) right now.

MAXI is priced at $0.000251 per token, offering an opportunity for early participants to secure their stake at a discounted rate before prices rise in about 12 hours.

Tokens can be bought with ETH, BNB, USDT, USDC, or a bank card.

Check out Maxi Doge Token.