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Ethereum Recovers As Eric Trump Says Its Great Time To Add ETH

Ethereum Recovers As Eric Trump Says Its Great Time To Add ETH

Cryptotale2025/02/03 23:53
By: publisher
BTC-0.13%WBTC-0.17%ETH-1.00%
  • Ethereum rebounded 7% in 24 hours after dropping to $2,500 during a massive market-wide liquidation event.
  • Eric Trump expressed bullish sentiment on ETH, while World Liberty Financial increased its holdings by 1,826 ETH ($5 million).
  • Technical analysis indicates Ethereum could target $4,000, with shifting price correlations to Bitcoin’s $100,000 level.

Ethereum has begun showing recovery momentum after experiencing a dramatic fall to $2,500 during yesterday’s market-wide liquidation event. ETH has rebounded with a 7% increase in the last 24 hours. In his X post, Eric Trump expressed optimism about Ethereum’s current price levels, suggesting that it would be the right time to add in ETH to their holdings. This statement follows the on-chain data, which reveals the institutional movement involving the cryptocurrency

In my opinion, it’s a great time to add $ETH.

— Eric Trump (@EricTrump) February 3, 2025

Although ETH faced a severe dip due to tarde tariffs imposed by President Donald Trump, technical analysis suggested a potential surge. According to CryptoTale analysis, the token is set to reach $4,000, garnering investor interest. Despite the $2.2 billion in liquidation, Ethereum’s bounce from the $2,500 level shows resilience, though the asset remains below its recent highs.

Keep your tabs on $ETH/ $USDT!

It's currently in the distribution phase trading below the 0.5 level.

The next potential target could be $5000 Ethereum Recovers As Eric Trump Says Its Great Time To Add ETH image 0

Not financial advice! Make sure to #DYOR before making any investment moves.Ethereum Recovers As Eric Trump Says Its Great Time To Add ETH image 1#Ethereum #ETH #Bullish #Crypto #Tradingpic.twitter.com/qLDyIlU7db

— Crypto Tale (@cryptotalemedia) February 4, 2025

Over the past seven days, Ethereum was trading around the $3,400 range. However, the recent market crash triggered by Trump’s tariff plans erased a majority of the gains. The recovery pattern suggests growing market maturity, with institutional buyers viewing price dips as entry opportunities rather than causes for concern.

Related: The Blockchain Bulletin, Feb 4: Michael Saylor Puts a Pause on Bitcoin Purchase

Notably, in an analysis, Lookonchain, a blockchain analytical platform identified a pattern between Bitcoin and Ethereum. Each time Bitcoin touched $100K, Ethereum’s corresponding price showed a gradual decline from $3,900 to $2,800, potentially indicating a shifting correlation between the two major cryptocurrencies.

Interesting trend:

The first time $BTC hit $100K, $ETH was at $3,900.
The second time, $ETH was at $3,800.
The third time, $ETH was at $3,700.
The fourth time, $ETH was at $3,400.
The fifth time, $ETH was at $3,200.
The sixth time, $ETH was at $2,800. pic.twitter.com/j3MVXgjRe6

— Lookonchain (@lookonchain) February 4, 2025

On the other hand, the World Liberty Financial acquired an additional 1,826 ETH worth approximately $5 million, bringing its total holdings to 61,114 ETH, according to Lookonchain.

The institutional interest comes despite World Liberty currently facing an unrealized loss of $31 million on their Ethereum positions, having accumulated at an average price of $3,354. The organization has also shown broader crypto market engagement, transferring holdings to Coinbase Prime, including 86,296 ETH ($235M), 647 WBTC ($65.5M), and various other digital assets.

The post Ethereum Recovers As Eric Trump Says Its Great Time To Add ETH appeared first on Cryptotale.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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