By Nermeen Nabil Khear 
TLDR
- Eric Trump publicly endorsed Ethereum on social media, followed by his company World Liberty Financial purchasing 1,826 ETH worth $5 million
- Ethereum price surged from $2,300 to $2,900 within 24 hours, marking a 7.3% daily gain despite being down 15.7% weekly
- World Liberty Financial has accumulated 61,114 ETH ($205M) at an average price of $3,354, currently showing a $31M loss
- CoinCodex predicts ETH will reach $3,402 by February 21, 2025, and potentially hit a new all-time high of $5,660.91 by May 5, 2025
- The rally coincides with President Trump’s announcement of a 30-day pause on tariffs, though market uncertainty remains about potential reinstatement
The cryptocurrency market witnessed a notable turn of events as Ethereum’s price surged following Eric Trump’s public endorsement and subsequent purchase of $5 million worth of ETH through World Liberty Financial. The price movement marked a recovery from recent lows, climbing from $2,300 to $2,900 within a 24-hour period.
Eric Trump, son of U.S. President Donald Trump, took to social media platform X on February 3, 2025, stating, “In my opinion, it’s a great time to add $ETH.” The statement preceded a substantial purchase by Trump’s World Liberty Financial, which acquired 1,826 ETH, adding to their existing holdings.
In my opinion, it’s a great time to add $ETH.
— Eric Trump (@EricTrump) February 3, 2025
Data from cryptocurrency analysis firm LookOnChain reveals that World Liberty Financial has amassed a total of 61,114 ETH, valued at approximately $205 million. The company’s average purchase price stands at $3,354 per ETH, currently showing an unrealized loss of $31 million based on current market prices.
The price movement coincides with President Donald Trump’s announcement of a 30-day pause on proposed trade tariffs affecting Canada and Mexico. This policy shift appeared to provide relief to the broader cryptocurrency market, which had experienced downward pressure following the initial tariff announcements.
Ethereum’s daily performance showed a 7.3% increase, though longer-term metrics indicate sustained pressure on the asset. Weekly charts show a 15.7% decline, while 14-day figures reveal a 15.9% drop. The monthly perspective presents a 25.5% decrease, highlighting the volatile nature of recent market conditions.
Bitcoin’s brief touch of the $100,000 level may have contributed to Ethereum’s upward momentum. However, BTC has since retreated to approximately $99,000, demonstrating the delicate nature of the current market recovery.
World Liberty Financial’s trading activity has drawn attention from market observers. The organization recently transferred substantial amounts of cryptocurrency, including 86,296 ETH valued at $235 million and 647 WBTC worth $65.5 million, indicating active portfolio management strategies.
Market analysis platform CoinCodex has provided forward-looking price projections for Ethereum. Their models suggest ETH could reach $3,402 by February 21, 2025. Despite anticipating a minor correction in early March, the platform forecasts potential for new all-time highs, with a target of $5,660.91 by May 5, 2025.
The projected price movement would represent a 108.14% increase from current levels, though market analysts note these predictions assume stable market conditions and no major regulatory changes.
World Liberty Financial’s investment strategy appears to focus on accumulating Ethereum during price dips, as evidenced by their latest purchase during market weakness. The organization’s total position makes them a notable holder of ETH in the institutional investment space.
Trump’s World Liberty(@worldlibertyfi) bought another 1,826 $ETH($5M) today.
World Liberty has bought a total of 61,114 $ETH($205M) at an average price of $3,354, with a loss of $31M!
Today, World Liberty also transferred 86,296 $ETH($235M), 647 $WBTC($65.5M), 256,315… pic.twitter.com/Oerqt5TaoX
— Lookonchain (@lookonchain) February 4, 2025
Trading volumes across major exchanges have increased during this period of price recovery, suggesting broader market participation beyond institutional involvement. The 24-hour trading volume for ETH exceeded $59 billion across major exchanges.
The temporary nature of the tariff pause introduces an element of uncertainty into market projections. The possibility of tariff reinstatement after the 30-day period could impact market sentiment and price action in the coming weeks.
Ethereum’s price recovery occurred against a backdrop of broader market dynamics, including increased institutional participation and evolving regulatory landscapes. The asset’s performance continues to demonstrate correlation with both crypto-specific news and broader economic policy decisions.
Technical indicators suggest the price recovery has established new support levels, though market participants remain cautious about potential volatility. The asset’s ability to maintain prices above key technical levels will be closely monitored by traders and analysts.
Recent blockchain data indicates increased network activity coinciding with the price recovery, with rising transaction volumes and gas fees reflecting heightened user engagement.
Market liquidity metrics show improvement during the recovery period, with bid-ask spreads tightening across major trading venues. This suggests increased trading efficiency and market depth during the upward price movement.
The timing of World Liberty Financial’s purchases indicates a strategic approach to position building, with the organization demonstrating willingness to add to their holdings during market downturns.
The post Ethereum (ETH) Price: Eric Trump’s Endorsement Triggers 26% Price Recovery Amid Tariff Pause appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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