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Ethereum suffered heavy losses after Donald Trump announced his import tariffs on Canada, Mexico and China. Vitalik Buterin’s project fell by almost 40% after this announcement, but the Ethereum price has since risen back above the $2,900 mark.
Eric Trump, son of the US President, calls this a “great moment” to buy Ethereum.
“Thank me later”
“In my opinion, this is a great time to buy Ethereum. You can thank me later,” Eric Trump wrote on X on February 3. Shortly thereafter, he removed the phrase “You can thank me later . “
In my opinion, it’s a great time to add $ETH.
— Eric Trump (@EricTrump) February 3, 2025
His remarks, of course, came after the market crash caused by Donald Trump’s import tariffs on Canada, Mexico and China imposed over the weekend.
Meanwhile, tariffs on Canada and Mexico have been suspended for 30 days following successful negotiations, and as a result, the market also seems to be recovering.
In any case, ETH shot up from $2,100 to $2,900 after Eric Trump’s comment. Donald Trump’s son now knows how powerful he is – and how easy it has become for him to influence the financial markets.
World Liberty Financial becomes active
At the same time, World Liberty Financial, the Trump family’s decentralized investment fund on the ETH blockchain, is making significant capital movements.
A few hours ago, the fund transferred assets worth over $300 million to Coinbase Prime and withdrew 20,000 ETH from staking on Lido.
World Liberty Financial (@worldlibertyfi) moved $307.41M in 8 assets to #CoinbasePrime 6 hours ago—as part of treasury management and business operations.
Shortly after, the project unstaked 19,423 $stETH to $ETH and further spent 5M $USDC to buy 1,826 $ETH at $2,738.… https://t.co/Rp9NAFUs5N pic.twitter.com/5bfIvJma7U
— Spot On Chain (@spotonchain) February 4, 2025
The fund then bought 1,826 Ethereum for $5 million in USDC at a price of $2,738 per token. So it is obvious that World Liberty Financial is extremely active.
Ultimately, it remains to be seen how this fund will benefit the industry – because one should not pretend that Eric Trump is suddenly a crypto expert. His relevance in this industry arises solely from the fact that his father is the President of the United States.
Ethereum price analysis
Ethereum (ETH) is currently trading at $2,708, recovering from a sharp drop that saw prices dip below $2,200. The recent bounce toward $2,800 suggests buyers are stepping in, but resistance near $2,900 – $3,000 remains strong.
RSI & Momentum:
- RSI at 54, showing a slight bullish recovery.
- A move above 60 RSI could confirm further upside, while a drop below 40 might indicate more selling pressure.
For ETH to maintain its rebound, it needs to break above $2,800 – $2,900. If rejected, a pullback to $2,500 – $2,400 is possible.
Trading Tips:
✅ Long Entry: If ETH breaks $2,800, target $2,900 – $3,000.
✅ Short Entry: If ETH fails at $2,800, short towards $2,500 support.
✅ Risk Management: Stop-loss below $2,650 for longs and above $2,850 for shorts.
Breakout watch: If ETH closes above $2,900, expect a rally toward $3,200+!
