Ethereum saw a significant price surge, exceeding $2,900, following support from Eric Trump amid a pause in U.S. trade tariffs.
Eric Trump's Crypto Endorsement
Eric Trump publicly endorsed Ethereum, encouraging his followers on X to consider buying it. His comments emerged after Ethereum's earlier drop due to proposed tariffs, which have been temporarily paused.
World Financial Liberty Platform Activity
The Trump-linked World Financial Liberty (WFL) platform made significant crypto market moves, transferring $307.41 million to Coinbase and purchasing $5 million in Ethereum. These actions may indicate preparations for a new lending protocol rollout.
Ethereum's Strengthening Momentum
The Ethereum Foundation is actively supporting developers and expanding its treasury. Institutional interest in Ethereum, particularly in DeFi and NFTs, is growing, contributing to its market strength.
With strong support and increasing institutional interest, Ethereum's outlook remains positive, supporting investor confidence in the cryptocurrency.
