Ethereum (ETH) may be the current choice of crypto for US most powerful family. US President Donald Trump’s son, Eric Trump, took to X and said, “In my opinion, it is a good time to add $ ETH.“
In my opinion it is a good time to add $.
– Eric Trump (@ERICTRUMP) February 3, 2025
Also read: US stocks: Which one was hit hardest by Trump’s customs?
Trump’s world freedom (@worldlibertyfi) bought another 1,826 $($ 5 million) today.
World Liberty has bought a total of 61,114 $($ 205 million) at an average price of $ 3,354, with a loss of $ 31 million!
Today, World Liberty also transferred 86 296 $($ 235 million), 647 $ WBTC($ 65.5 million), 256,315 … pic.twitter.com/oerqt5taox
– Lookonchain (@lookonchain) February 4, 2025
Is Ethereum to rally because of Trump’s ETH purchase?
ETH increases 7.3% in daily charts. Despite the rally, the supply is decreased by 15.7% in the weekly lists, 15.9% in the 14-day diagrams and 25.5% compared to the previous month. ETH has been struggling to gain momentum in recent months. Bitcoin (BTC) hit a new highest time after an ETF approval. ETH, on the other hand, failed to do so.
Also read: What is the best wallet to use for Cryptocurrency?
Ethereums (ETH) latest rally may be due to Bitcoin (BTC) short recycling the level of $ 100,000. BTC has since dropped to the $ 99,000 mark. Resurgence is probably due to President Trump announcing a 30-day break on customs.
Will the asset continue to collect?
Also read: Jim Cramer calls Walmart (WMT) Stock “Fantastic”: Here’s why
There is also a possibility that Ethereum (ETH) will dip in March. Trump can reintroduce his customs in 30 days. The Cryptocurrency market may face another correction. In such a scenario, ETH may not rise to a new highest time. The performance of asset in the coming weeks is not yet to see.
