Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Tesla reclaims 52 scam domains from Russian crypto grifter

    July 2, 2025

    Fed comment could trigger Bitcoin, altcoin rally

    July 2, 2025

    Circle and Coinbase — a story of two public offerings

    July 2, 2025
    Facebook X (Twitter) Instagram
    Wednesday, July 2
    • About
    • Contact us
    • Privacy Policy
    Facebook X (Twitter) LinkedIn YouTube
    Blockchain Echo
    Banner
    • Lithosphere News Releases
    • Bitcoin
    • Crypto
    • Ethereum
    • Litecoin
    • Altcoins
    • Blockchain
    Blockchain Echo
    Home » Eric Trump’s endorsement fuels Ethereum’s surge to $2900, wiping out post-tariff losses
    Crypto

    Eric Trump’s endorsement fuels Ethereum’s surge to $2900, wiping out post-tariff losses

    John SmithBy John SmithFebruary 4, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Ethereum saw a dramatic price surge, skyrocketing from around $2,300 to over $2,900 in less than 24 hours. 

    The rapid Ethereum (ETH) recovery followed a post-tariff crypto market bloodbath on Feb. 3, which saw Ether plummet to a low of approximately $2,300, and was fueled by Eric Trump’s bullish endorsement of Ethereum in his recent post on X. That being said, Ethereum had already started rebounding to around $2,700 after U.S. President Donald Trump announced a temporary halt on proposed trade tariffs on Canada and Mexico. Eric Trump’s post was a just catalyst, fueling the second half of the rally. 

    To put this development into broader context, the Trump family has a vested interest in Ethereum through World Liberty Financial, a new DeFi project backed by President Donald Trump. The Ethereum’s sharp rebound follows the World Liberty Financial’s sudden and near-total liquidation of its crypto treasury—shedding over 90% of its $363 million holdings, including significant positions in ETH, WBTC, AAVE, ENA, and LINK on Feb. 3. The team moved most of its assets to Coinbase Prime and other exchange wallets, often routing through intermediary addresses, as reported by The Block. Meanwhile, the project has been receiving small ETH deposits from newly created or inactive wallets. 

    As of now, Ethereum (ETH) is trading at $2,720, with an intraday high of around $2,900 and a low of approximately $2,500.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleHow 1Fuel reflects the key strengths of Solana and Ethereum
    Next Article XRP struggles to hold above $3; Investors eye new XRP rival
    John Smith

    Related Posts

    Fed comment could trigger Bitcoin, altcoin rally

    July 2, 2025

    Zohran Mamdani may become a NY mayor | Why X push against him?

    July 2, 2025

    European fintech Spiko integrates Chainlink’s CCIP for $380m money market funds

    July 1, 2025
    Leave A Reply Cancel Reply

    Top Posts

    🐍 Lunar New Year Scratch & Win Campaign Is Live with a Grand Prize of 8,888,888 VERSE (~$1800) | by Bitcoin.com | Jan, 2025

    January 24, 2025

    Trade VERSE/USDT on KuCoin to Earn your Share of $8400 in Rewards! | by Bitcoin.com | Jan, 2025

    January 24, 2025

    Boost Your Crypto: Up to 30% Cash Back! | by Bitcoin.com | Jan, 2025

    January 24, 2025
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews

    Subscribe to Updates

    Get the latest tech news from FooBar about tech, design and biz.

    About Us

    Stay updated on the world of cryptocurrency
    Your one-stop source for daily crypto news and insights
    Blockchainecho.info: Your trusted daily crypto companion

    Most Popular

    🐍 Lunar New Year Scratch & Win Campaign Is Live with a Grand Prize of 8,888,888 VERSE (~$1800) | by Bitcoin.com | Jan, 2025

    January 24, 2025

    Trade VERSE/USDT on KuCoin to Earn your Share of $8400 in Rewards! | by Bitcoin.com | Jan, 2025

    January 24, 2025

    Boost Your Crypto: Up to 30% Cash Back! | by Bitcoin.com | Jan, 2025

    January 24, 2025
    Copyright © 2025
    • Home
    • Buy Now

    Type above and press Enter to search. Press Esc to cancel.