Ethereum's price exhibited a significant recovery following the temporary US tariff pause and active involvement from Eric Trump.
Ethereum Price Recovery Trends
After a dramatic 16% plunge, Ethereum's price surged above $2,900. This coincided with the US halting tariff threats on Canada and Mexico, leading to a broader crypto market rebound. Eric Trump added fuel to the rally with his tweet, though part of it was later removed.
World Liberty Financial’s Crypto Moves
World Liberty Financial, backed by the Trump family, made a significant crypto transfer worth $307.41 million to Coinbase. The firm also converted 20,000 Lido Staked Ether to Ether and purchased an additional 1,826 Ether for $5 million.
Ethereum Foundation Treasury Boost
The Ethereum Foundation allocated 50,000 Ether to bolster its treasury via staking rewards. According to developer Eric Conner, this would aid in maintaining the foundation’s budget and alleviating token selling pressure. A new marketing firm, Etherealize, was launched to promote Ethereum to Wall Street investors.
Ethereum's price recovery brings cautious optimism to market participants, though concerns about potential volatility remain amidst ongoing negotiations and regulatory changes.
