Ethereum Recovers As Eric Trump Says Its Great Time To Add ETH
- 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.
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.
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.
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.
You may also like
Ethereum Foundation allocates $32 million to expand education and tools in the ecosystem
Ripple Ends Dispute with SEC, Recovers $75 Million, XRP Surges 10%
Core Scientific Nets $580M in Q1 Despite Revenue Miss, Eyes AI and HPC Future
Nasdaq-listed Bitcoin miner Core Scientific Inc. has reported a net income of $580 million for the first quarter of 2025, more than double the $210 million recorded during the same period last year. However, the firm fell short of analyst expectations for revenue, signalling the growing impact of industry shifts and operational transformation.

Federal Reserve’s Tight Policy Affects Bitcoin Growth

Trending news
MoreCrypto prices
More








