Ethereum Rallies 25% Following Eric Trump's Endorsement and Market Speculation

The cryptocurrency's price surged after a turbulent week, boosted by significant withdrawals, ETF inflows, and strategic moves by Trump-backed entities.

Ethereum's price climbed from $2,300 to nearly $2,900 in less than 24 hours, recovering from last week's sharp decline caused by trade war fears and market volatility.
Eric Trump publicly endorsed Ethereum on social media, calling it a 'great time to add,' which fueled speculation and contributed to the price surge.
World Liberty Financial, a Trump-backed DeFi project, added 1,826 ETH worth $5 million to its holdings, bringing its total Ethereum assets to over $205 million.
Data revealed nearly $1 billion worth of Ethereum was withdrawn from exchanges on February 3, the largest net outflow since January 2024, signaling strong accumulation by investors.
Ethereum ETFs saw $83.54 million in net inflows on February 3, with Fidelity's FETH leading the gains, as traders capitalized on the cryptocurrency's volatile performance.