Ethereum (ETH) has surged back above the $2,900 mark following a volatile period, sparked in part by President Donald Trump’s decision to halt proposed tariffs on Canada and Mexico. The news was met with a notable rebound in the crypto markets, with Ether rising significantly after a sharp plunge on February 2–3, during which ETH dropped as low as $2,368 in just one hour.
Eric Trump, the son of the U.S. president and an active figure in the Trump family’s financial ventures, took to Twitter (X) to suggest it’s a “great time to add ETH.” With more than 5.4 million followers, Eric Trump’s endorsement brought even more attention to Ethereum, sending the cryptocurrency to a high of $2,913. However, the tweet was later edited to remove the comment “Thank me later.”
This comes at a time when the Trump family’s crypto platform, World Liberty Financial (WLF), is making notable moves in the cryptocurrency space. WLF recently transferred $307.41 million in assets to Coinbase’s custody platform and bought an additional 1,826 Ether for around $2,738 each. These moves could be linked to the platform’s “Earn and Borrow” lending protocol, which is still in development.
As Ethereum continues to show signs of recovery, developments within the Ethereum ecosystem, such as the Ethereum Foundation’s staking rewards and institutional marketing efforts, are expected to further support ETH’s long-term growth. Meanwhile, industry players like Etherealize are pushing Ethereum’s case to Wall Street, making the future of ETH even more promising.
With the current surge and institutional backing, many are watching Ethereum closely as it aims to maintain its momentum in the volatile crypto market.
