- Ether surged past $2,900 after Trump paused tariffs, reversing a sharp market downturn.
- Eric Trump’s X post boosted market sentiment, pushing Ether’s price higher before stabilizing.
- World Liberty Financial moved $307M in crypto, signaling strategic positioning in the market.
Ether rebounded above $2,900 after President Donald Trump paused tariffs on Canada and Mexico. The crypto market had previously experienced a sharp decline due to the initial tariff announcement. Ether had dropped 16% in one hour, reaching a low of $2,368 before recovering.
Eric Trump’s Post Influences Market Sentiment
Eric Trump posted on X, encouraging investors to consider adding Ether to their portfolios. His original post stated, it’s a great time to add ETH. You can thank me later. However, he later removed the last five words from the message.
His comment followed Ether’s recovery to $2,700 after his father’s tariff decision. Market sentiment improved, leading to a further price increase. Ether peaked at $2,913 before stabilizing at $2,806.
World Liberty Financial Moves Significant Crypto Assets
The Trump family’s World Liberty Financial (WLF) recently transferred $307.41 million in crypto assets to Coinbase’s custody platform. Blockchain analytics firm Spot On Chain reported that WLF also unstaked nearly 20,000 Lido Staked Ether (stETH). The firm converted the assets to Ether and used $5 million in USD Coin to buy 1,826 ETH at $2,738.
These transactions indicate strategic financial moves within WLF. Analysts suggest the funds may support WLF’s upcoming Earn and Borrow lending protocol. The lending platform is still under development and not yet fully operational.
Ethereum Foundation Strengthens Developer Support
The Ethereum Foundation has introduced changes to support developers in the decentralized finance sector. The foundation allocated 50,000 Ether to enhance its treasury through staking rewards. This move aims to provide financial sustainability while supporting Ethereum’s growth.
Ethereum core developer Eric Conner believes staking rewards could cover much of the foundation’s budget. He also suggested this approach would reduce selling pressure on ETH. Some analysts link this selling pressure to the cryptocurrency’s underperformance during the current market cycle.
Institutional Interest in Ethereum Grows
Etherealize, a marketing firm focused on institutional adoption of Ethereum, launched on Jan. 22. The firm aims to attract large investors and strengthen Ethereum’s position in traditional finance. This move comes amid rising institutional interest in digital assets.
As more institutions explore Ethereum’s potential, demand for the cryptocurrency may increase. Etherealize plans to highlight Ethereum’s advantages in global finance. This initiative could further enhance Ethereum’s long-term adoption and market value.
