Eric Trump’s endorsement fuels Ethereum’s surge to $2900, wiping out post-tariff losses
Ethereum experienced a spectacular price wave, soaring about $ 2,300 to more than $ 2,900 in less than 24 hours.
Fast Ethereum (Ethn) Recovery followed a post-variety crypto blood bath on February 3, which saw Ether at a hollow of about $ 2,300 and was powered by Eric Trump’s optimistic approval D’Ethereum in his recent post on X. That being said, Ethereum had already started to bounce back at around $ 2,700 after US President Donald Trump announced a Temporary judgment on the commercial prices offered in Canada and Mexico. Eric Trump’s position was just a catalyst, fueling the second half of the rally.
To put this development in a broader context, the Trump family has a direct interest in Ethereum through World Liberty Financial, a new DEFI project supported by President Donald Trump. Ethereum’s net rebound follows the World Liberty FinancialThe sudden and quasi total liquidation of its cryptographic treasure has reduced more than 90% of its assets by $ 363 million, including important positions in ETH, WBTC, AAVE, ENA and Link on February 3. The team transferred most of its assets to Coinbase Prime and other exchange portfolios, often rolling through intermediate addresses, as reported by the block. Meanwhile, the project received small deposits of newly created or inactive portfolios.
Currently, Ethereum (ETH) is negotiated at $ 2,720, with an intradible summit of around $ 2,900 and a minimum of around $ 2,500.
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