Ethereum: Eric Trump Says It's A Great Time To Add ETH

Ethereum (ETH) may be the current crypto of choice for America’s most powerful family. US President Donald Trump’s son, Eric Trump, took to X and said, “In my opinion, it’s a great time to add $ETH.”

Also Read: US Stocks: Which Was Hit the Hardest by Trump’s Tariffs?

Shortly after Eric Trump’s X post, cryptocurrency Analysis firm LookOnChain reported that Trump’s World Liberty Financial bought 1826 ETH, worth $5 million, today.

Is Ethereum Rallying Because Of Trump’s ETH Purchases?

ethereum eth purple
Source: AscendEx

ETH is up 7.3% in the daily charts. Despite the rally, the asset is down 15.7% in the weekly charts, 15.9% in the 14-day charts, and 25.5% over the previous month. ETH has struggled to gain momentum over the last few months. Bitcoin (BTC) hit a new all-time high after an ETF approval. ETH, on the other hand, failed to do so.

Ethereum price chart
Source: CoinGecko

Also Read: What is the Best Wallet to use for Cryptocurrency?

Ethereum’s (ETH) latest rally could be due to Bitcoin (BTC) briefly reclaiming the $100,000 level. BTC has since fallen to the $99,000 mark. The resurgence is likely due to President Trump announcing a 30-day pause on tariffs.

Will The Asset Continue To Rally?

According to CoinCOdex, Ethereum (ETH) will rally over the next few days and hit $3402 on Feb. 21, 2025. The platform anticipates the asset to face a slight correction in early March before breaking into a big rally. CoinCodex predicts ETH will hit a new all-time high of $5660.91 on May 5, 2025. Hitting $5660.91 from current price levels will entail a rally of about 108.14%.

ETH price prediction
Source: CoinCodex

Also Read: Jim Cramer Calls Walmart (WMT) Stock “Amazing”: Here’s Why

There is also a possibility that Ethereum (ETH) will dip in March. Trump may reinstate his tariffs in 30 days. The cryptocurrency market may face another correction. In such a scenario, ETH may not rise to a new all-time high. The asset’s performance over the next few weeks is yet to be seen.

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