Ethereum (ETH) has surged nearly 20% and reclaimed the $2,900 level after Eric Trump, son of former US President Donald Trump, endorsed the cryptocurrency on social media. Trump tweeted that now is “a great time to add $ETH,” fueling optimism among crypto investors.
The rally comes on the heels of a brief market downturn earlier this week sparked by concerns over potential US tariffs on Canada and Mexico. Trump’s temporary suspension of the tariffs boosted confidence in risk assets like crypto.
The Trump family has shown increasing involvement in digital assets through ventures like World Liberty Financial. The company recently transferred over $300M to Coinbase custody and acquired 1,826 ETH for $5M, in apparent preparation for launching a new DeFi lending protocol.
As institutional interest rises and Ethereum’s price rebounds, the second-largest cryptocurrency remains a focal point of the crypto market. The confluence of macroeconomic shifts, strategic investments, and political influence paint a dynamic picture for ETH’s future trajectory.
Tags: Ethereum, ETH, Donald Trump, Eric Trump, World Liberty Financial, DeFi, Coinbase
Leave a Reply