Following a new tweet by Eric Trump stating ‘Now is a good time to buy ETH,’ Ethereum (ETH) price surged to over $2,900. Eric Trump, operating on the World Liberty Financial platform associated with the Trump family, advised his followers to purchase Ethereum. Meanwhile, Donald Trump decided to temporarily halt the imposition of new tariffs on Canada and Mexico. After this announcement, Ethereum’s price experienced an upward trend. Prior to this, on the second and third days of February, the crypto market experienced a sharp decline due to Trump’s proposal for new tariffs. During this time, Ethereum’s price dropped by 16% in just one hour, reaching $2,368. Following the suspension of tariffs, Ethereum’s price returned to $2,700 and then increased to $2,913. However, its price slightly retreated and currently stands around $2,720. Simultaneously, on February 3rd, the World Liberty Financial platform transferred $307.41 million of its assets to CoinBase. The company also unstaked nearly 20,000 units of Lido Staked Ether and converted them to Ethereum. Additionally, the company converted $5 million of its assets to USDC and purchased 1,826 units of Ethereum at $2,738. Furthermore, the Ethereum Foundation announced putting aside 50,000 Ethereum to support DeFi developers. Ethereum’s main developer, Eric Conner, stated that staking rewards from this foundation can fully or partially fund its internal budget and reduce some of the selling pressures causing community dissatisfaction. Moreover, the new Etherealize project was launched on January 22nd, aiming to expand Ethereum’s presence in traditional financial markets and attract institutional investors. Visit the real-time digital currency price page to instantly view the prices of all tokens and cryptocurrencies.
