Eric Trump’s Ethereum Endorsement Fuels Crypto Buzz As ETH Nears $3K
Ethereum (ETH) has rebounded after briefly falling below key support levels, surpassing $2,900 following a shift in market sentiment. Concerns over potential tariffs on Canada and Mexico initially caused a drop to around $2,360, but the temporary suspension of these tariffs restored investor confidence, leading to a nearly 20% recovery in ETH's price. Eric Trump endorsed Ethereum on social media, suggesting it is a strategic time to invest, which resonated with crypto investors. The Trump family's involvement in the digital asset sector is highlighted by World Liberty Financial's recent activities, including transferring over $300 million in assets to Coinbase and acquiring 1,826 ETH for about $5 million. These moves are part of preparations for a forthcoming “Earn and Borrow” lending protocol, indicating a growing focus on decentralized finance (DeFi) as institutional interest in Ether rises.
