Basri Caneri 
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’s crypto venture World Liberty Financial (WLF), told his followers that it was a good time to buy ETH.
Eric Trump, “I think it’s a great time to add $ETH. You’ll thank me later.” but later deleted the last sentence.
These statements came after sharp market declines on February 2-3. Ethereum fell 16% to as low as $2,368 after Trump announced new tariffs. However, with the tariffs suspended and the market recovering, ETH rose as high as $2,913.
World Liberty Financial’s Crypto Moves
The Trump family’s crypto platform World Liberty Financial (WLF) transferred $307.41 million in assets to Coinbase Custody on February 3. In addition, 20,000 Lido Staked ETH (stETH) were unstaked and converted to ETH, and 1,826 ETH were purchased using 5 million USDC.
According to Spot On Chain data, these funds can be used to support WLF’s “Earn and Borrow” loan protocol, which is not yet fully operational.
Recent Developments in the Ethereum Ecosystem
Important developments are also taking place in the Ethereum community. The Ethereum Foundation announced a 50,000 ETH fund to support the decentralized finance ecosystem. This fund will help balance the foundation’s budget with Ethereum’s staking revenues and aims to reduce selling pressure on ETH.
In addition, Etherealize, a new Wall Street-focused Ethereum marketing initiative, launched on January 22nd. This initiative aims to strengthen Ethereum’s value proposition for institutional investors.
Will Ethereum Continue Its Rally?
The ETH price is currently trading around $2,806, but the market is showing signs of recovery. The Trump family’s crypto investments and new incentives from the Ethereum Foundation may continue to influence Ethereum’s price movements.
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