{"id":36019,"date":"2025-02-04T12:30:33","date_gmt":"2025-02-04T09:30:33","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=36019"},"modified":"2025-02-04T11:37:58","modified_gmt":"2025-02-04T08:37:58","slug":"eth-surpasses-2900-after-eric-trumps-ethereum-comment","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/eth-surpasses-2900-after-eric-trumps-ethereum-comment\/","title":{"rendered":"ETH Surpasses $2,900 After Eric Trump&#8217;s Ethereum Comment"},"content":{"rendered":"<p>Ethereum (ETH) <strong>rose above the $2,900 level<\/strong> after US President <strong>Donald Trump suspended tariffs on Canada and Mexico<\/strong>. At the same time, <strong>Eric Trump<\/strong>, who plays an active role in the Trump family&#8217;s crypto venture <strong>World Liberty Financial (WLF),<\/strong> told his followers that it <strong>was a good time to buy ETH<\/strong>.<\/p>\n<p>Eric Trump, <strong>&#8220;I think it&#8217;s a great time to add $ETH. You&#8217;ll thank me later.&#8221;<\/strong> but <strong>later deleted the last sentence<\/strong>.<\/p>\n<p>These statements <strong>came after sharp market declines on February 2-3<\/strong>. Ethereum <strong>fell 16% to as low as $2,368 after Trump announced new tariffs<\/strong>. However, with the tariffs suspended and the market recovering, <strong>ETH rose as high as $2,913<\/strong>.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/eth-surpasses-2900-after-eric-trumps-ethereum-comment\/#World_Liberty_Financials_Crypto_Moves\" title=\"World Liberty Financial&#8217;s Crypto Moves\">World Liberty Financial&#8217;s Crypto Moves<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/eth-surpasses-2900-after-eric-trumps-ethereum-comment\/#Recent_Developments_in_the_Ethereum_Ecosystem\" title=\"Recent Developments in the Ethereum Ecosystem\">Recent Developments in the Ethereum Ecosystem<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/eth-surpasses-2900-after-eric-trumps-ethereum-comment\/#Will_Ethereum_Continue_Its_Rally\" title=\"Will Ethereum Continue Its Rally?\">Will Ethereum Continue Its Rally?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"World_Liberty_Financials_Crypto_Moves\"><\/span><strong>World Liberty Financial&#8217;s Crypto Moves<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Trump family&#8217;s crypto platform <strong>World Liberty Financial (WLF)<\/strong> <strong>transferred $307.41 million in assets to Coinbase Custody on February 3<\/strong>. <strong>In addition, 20,000 Lido Staked ETH (stETH) were unstaked and converted to ETH<\/strong>, and <strong>1,826 ETH were purchased using 5 million USDC<\/strong>.<\/p>\n<p>According to Spot On Chain data, <strong>these funds can be used to support WLF&#8217;s &#8220;Earn and Borrow&#8221; loan protocol, which is not yet fully operational<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Recent_Developments_in_the_Ethereum_Ecosystem\"><\/span><strong>Recent Developments in the Ethereum Ecosystem<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Important developments are also taking place in the Ethereum community. <strong>The Ethereum Foundation<\/strong> <strong>announced a 50,000 ETH fund<\/strong> to support the decentralized finance ecosystem. This fund will help balance the foundation&#8217;s budget with Ethereum&#8217;s staking revenues and <strong>aims to reduce selling pressure on ETH<\/strong>.<\/p>\n<p>In addition, <strong>Etherealize, a new Wall Street-focused Ethereum marketing initiative,<\/strong> launched on January 22nd. This initiative aims to strengthen Ethereum&#8217;s value proposition for institutional investors.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Will_Ethereum_Continue_Its_Rally\"><\/span><strong>Will Ethereum Continue Its Rally?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The ETH price is currently <strong>trading around $2,806<\/strong>, but the market is showing signs of recovery. <strong>The Trump family&#8217;s crypto investments and new incentives from the Ethereum Foundation<\/strong> may continue to influence Ethereum&#8217;s price movements.<\/p>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum (ETH) rose above the $2,900 level after US President Donald Trump suspended tariffs on Canada and Mexico. At the same time, Eric Trump, who plays an active role in the Trump family&#8217;s crypto venture World Liberty Financial (WLF), told his followers that it was a good time to buy ETH. Eric Trump, &#8220;I think<\/p>\n","protected":false},"author":6,"featured_media":36020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[8418,106,105],"class_list":["post-36019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-eric-trump","tag-eth","tag-ethereum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ETH Surpasses $2,900 After Eric Trump&#039;s Ethereum Comment - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/eth-surpasses-2900-after-eric-trumps-ethereum-comment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ETH Surpasses $2,900 After Eric Trump&#039;s Ethereum Comment - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Ethereum (ETH) rose above the $2,900 level after US President Donald Trump suspended tariffs on Canada and Mexico. 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