Ethereum (ETH) Hits $4.2K, $200M Liquidated — Trump & DOGE Fans Cheer While This New Coin Surges Over 500%

Ethereum has broken through the $4,200 mark in a sharp rally that’s shaking the market. The surge wiped out hundreds of millions in leveraged trades, with $207 million in short positions liquidated in just one day. DOGE fans and even Trump-aligned traders are celebrating the momentum, while attention is shifting toward a fresh player making early investors big gains. That player is MAGACOIN FINANCE — a name increasingly linked to high-growth potential in this cycle. From SHIB to DOGE, meme coins have produced wild returns in the past, but some traders believe MAGACOIN’s setup could push it into the ranks of the best altcoin to buy now for 2025. ETH Smashes Through $4.2K, Leaving $200M in Liquidations Behind Between August 8 and 9, 2025, Ethereum ripped from around $3,900 to $4,200 in under 48 hours. This rapid rise triggered one of the largest liquidation waves of the year. According to crypto liquidation news 2025 data, $238 million in leveraged positions were wiped out across major exchanges. The majority were shorts betting against ETH. The rest came from over-leveraged longs that got caught chasing the spike. Source: Coinglass For traders watching the Ethereum price prediction, this rally has reignited talk of ETH testing $4,500 before year-end. The breakout has also given new life to related assets, with DOGE catching renewed interest. While the DOGE price forecast remains volatile, social media activity shows that meme coin traders are enjoying the bullish spillover from ETH’s push. Can ETH’s Rally Fuel the Next Altcoin Surge? When Ethereum hits $4,200, it doesn’t just move ETH holders — it often lifts the wider altcoin market. History shows that strong ETH rallies tend to bring fresh liquidity into speculative plays, including meme coins and early-stage tokens. DOGE’s rebound has been the most visible side effect so far, but the present climate is also creating room for newer entrants like MAGACOIN. The combination of high-profile liquidations, renewed retail energy, and the hunt for outsized returns could set the stage for another multi-month rally across altcoins. For those tracking the Ethereum price prediction, it’s worth watching if ETH can hold above $4,000. Sustained strength here could create more upside for DOGE, MAGACOIN, and other high-growth plays heading into 2025. From SHIB to MAGACOIN FINANCE — Investors Targeting 14,700% Profits This Cycle Amid the action in Ethereum and DOGE, there’s growing chatter about a newcomer: MAGACOIN FINANCE. Analysts tracking early-stage tokens have flagged MAGACOIN as one of the best crypto to buy 2025 for those looking beyond the obvious blue-chip picks. Backers claim the project is modeled to ride the kind of explosive wave seen with SHIB in 2021, with ambitious targets pointing toward potential 14,700% returns in the present cycle. The difference? Supporters see MAGACOIN as a more strategically positioned play, aiming to combine meme-driven community growth with a longer-term vision. For investors searching for the best altcoin to buy now, its presale structure and early traction have pushed it into watchlists alongside bigger names. In a market where a new crypto with 500% gains in its early days can quickly become the next breakout story, MAGACOIN’s momentum is making it a talking point for traders aiming to diversify their holdings. What This Week’s Moves Tell Us This week’s story is more than just Ethereum’s breakout. It’s about a market willing to punish overconfident shorts, reward trend-followers, and chase fresh narratives. ETH’s rally, DOGE’s renewed hype, and the rise of a new crypto with 500% gains all point to an environment ready for risk. MAGACOIN FINANCE might still be in its early stages, but if its trajectory keeps pace with projections, it could sit alongside the biggest names when traders look back at 2025’s winners. For now, it’s one of the best altcoin to buy now for those willing to position before the next wave hits. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Ethereum (ETH) Hits $4.2K, $200M Liquidated — Trump & DOGE Fans Cheer While This New Coin Surges Over 500%

Source: BitcoinSistemi