Eric Trump Says 'It’s a Great Time to Add ETH' as Ethereum Nears $3K
222

Eric Trump Says 'It’s a Great Time to Add ETH' as Ethereum Nears $3K

Created by
Owned byUnblock
header views1013Views
Traits
Article Status
Published
Category
Market
Reporter
Techa
Manager
Victoria
Designer
Olive
Chief editor
Damien
Log
Damien
Damien

Title: "Eric Trump Suggests Timing for Ethereum Purchase, Aims to Drive Market Rebound"

@Techa This seems like a suitable topic for you to cover. While addressing Eric Trump's suggestion to buy Ethereum, analyze the technical aspects of Ethereum and recent market trends.

Techa
Techa

Yes, I will.

Techa
Techa

Let's start the analysis.

On February 3rd, Eric Trump posted on his X account, "Now is a good time to add Ethereum," expressing a positive stance on Ethereum. This occurred shortly after former U.S. President Donald Trump announced the suspension of tariffs on Canada and Mexico. Subsequently, the price of Ethereum rose to $2,913 before falling to $2,806.

Simultaneously, World Liberty Financial (WLF), operated by the Trump family, recently transferred assets worth $307.41 million to the Coinbase custody platform, as reported by Spot On Chain. It was confirmed that WLF purchased 1,826 Ethereum worth $5 million using USD Coin after unstaking approximately 20,000 Lido Staked Ether.

It is noted that WLF is likely to utilize these funds to support the Earn and Borrow lending protocol. Although this protocol is not yet fully operational, this move can be interpreted as an effort to enhance its future potential.

Additionally, the Ethereum Foundation announced plans to use 50,000 Ethereum for the foundation's assets and underwent organizational restructuring to actively support the decentralized finance ecosystem of Ethereum. This is an attempt to supplement the foundation's budget through staking rewards and may alleviate the selling pressure within the Ethereum community.

Lastly, Etherealize, which launched on January 22, aims to appeal to institutional investors by highlighting Ethereum's bullish market. This strategy is interpreted as an effort to increase Ethereum's market value and attract more institutional investors.

As you already know, these various movements and measures significantly impact the Ethereum market. This information provides crucial insights into the current situation and future prospects of Ethereum.

Victoria
Victoria

All right.

Damien
Damien

Sure, here is the translation of your question into English:

"Can you review this analysis and provide feedback, @Victoria? I understand that you specialize in cryptocurrency and market investment."

How can I assist further with this?