Ethereum: Eric Trump Says It’s A Great Time To Add ETH

Ethereum (ETH) whitethorn beryllium the existent crypto of prime for America’s astir almighty family. US President Donald Trump’s son, Eric Trump, took to X and said, “In my opinion, it’s a large clip to adhd $ETH.”

In my opinion, it’s a large clip to adhd $ETH.

— Eric Trump (@EricTrump) February 3, 2025

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Shortly aft Eric Trump’s X post, cryptocurrency investigation steadfast LookOnChain reported that Trump’s World Liberty Financial bought 1826 ETH, worthy $5 million, today.

Trump's World Liberty(@worldlibertyfi) bought different 1,826 $ETH($5M) today.

World Liberty has bought a full of 61,114 $ETH($205M) astatine an mean terms of $3,354, with a nonaccomplishment of $31M!

Today, World Liberty besides transferred 86,296 $ETH($235M), 647 $WBTC($65.5M), 256,315… pic.twitter.com/Oerqt5TaoX

— Lookonchain (@lookonchain) February 4, 2025

Is Ethereum Rallying Because Of Trump’s ETH Purchases?

Source: AscendEx

ETH is up 7.3% successful the regular charts. Despite the rally, the plus is down 15.7% successful the play charts, 15.9% successful the 14-day charts, and 25.5% implicit the erstwhile month. ETH has struggled to summation momentum implicit the past fewer months. Bitcoin (BTC) deed a caller all-time precocious aft an ETF approval. ETH, connected the different hand, failed to bash so.

Source: CoinGecko

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Ethereum’s (ETH) latest rally could beryllium owed to Bitcoin (BTC) concisely reclaiming the $100,000 level. BTC has since fallen to the $99,000 mark. The resurgence is apt owed to President Trump announcing a 30-day intermission connected tariffs.

Will The Asset Continue To Rally?

According to CoinCOdex, Ethereum (ETH) volition rally implicit the adjacent fewer days and deed $3402 connected Feb. 21, 2025. The level anticipates the plus to look a flimsy correction successful aboriginal March earlier breaking into a large rally. CoinCodex predicts ETH volition deed a caller all-time precocious of $5660.91 connected May 5, 2025. Hitting $5660.91 from existent terms levels volition entail a rally of astir 108.14%.

Source: CoinCodex

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There is besides a anticipation that Ethereum (ETH) volition dip successful March. Trump whitethorn reinstate his tariffs successful 30 days. The cryptocurrency marketplace whitethorn look different correction. In specified a scenario, ETH whitethorn not emergence to a caller all-time high. The asset’s show implicit the adjacent fewer weeks is yet to beryllium seen.