{"id":11188,"date":"2025-02-04T06:02:57","date_gmt":"2025-02-04T06:02:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=11188"},"modified":"2025-02-04T06:02:57","modified_gmt":"2025-02-04T06:02:57","slug":"eth-price-rebounds-on-eric-trump-endorsement-but-still-trails-peers","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=11188","title":{"rendered":"ETH Price Rebounds on Eric Trump Endorsement but Still Trails Peers"},"content":{"rendered":"<div>\n<p>Ethereum prices have gained around 11% on the day to reach $2,900 during early trading in Asia on Feb. 4 before it retraced slightly.<\/p>\n<p>It is on the path to recovery from a crash to $2,260 on Monday following President Donald Trump\u2019s imposition of trade tariffs on Canada, Mexico, and China. Some of those tariffs have since been <a href=\"https:\/\/cryptopotato.com\/bitcoin-rallies-toward-100k-as-mexico-and-us-suspend-tariffs\/\" data-wpel-link=\"internal\">suspended<\/a>, resulting in a crypto market recovery.<\/p>\n<p>ETH prices were also boosted by Eric Trump, who said, \u201cIn my opinion, it\u2019s a great time to add ETH\u201d on X. However, most of the respondents mocked the comment or posted tribal FUD.<\/p>\n<p>\u201cTrump nuked ETH and then his son saves it. What timeline are we even in right now,\u201d <a href=\"https:\/\/x.com\/sassal0x\/status\/1886552175914180728\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">commented<\/a> Ethereum educator Anthony Sassano.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">In my opinion, it\u2019s a great time to add <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$ETH<\/a>.<\/p>\n<p>\u2014 Eric Trump (@EricTrump) <a href=\"https:\/\/twitter.com\/EricTrump\/status\/1886541132903133230?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">February 3, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Ethereum Woes Continue<\/h2>\n<p>Nevertheless, Ethereum has yet to reclaim $3,000 while Bitcoin briefly tapped six-figure territory, having hit an intraday high of $102,600 in late Monday trading.<\/p>\n<p>This means that the ETH\/BTC ratio is still around its weakest level since December 2020 at 0.028, <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHBTC\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">according<\/a> to Tradingview. Ethereum prices have been eroded in terms of BTC for the past two and a half years as the asset remains depressed in terms of market sentiment.<\/p>\n<blockquote>\n<p>\u201cNo one should freak out if we get a red daily candle now. That was an amazing close and save by the bulls,\u201d said analyst \u2018IncomeSharks\u2019 who added, \u201cWould be shocked if buyers didn\u2019t take a break.\u201d<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$ETH<\/a> \u2013 Bulls have an hour to close this green. Such a strong recovery candle that the next daily candle is probably red just to give the buyers a break. This will also let us see how thick the order books are with buys or if it\u2019s still thin. <a href=\"https:\/\/t.co\/FKk2ZCGvLB\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/FKk2ZCGvLB<\/a><\/p>\n<p>\u2014 IncomeSharks (@IncomeSharks) <a href=\"https:\/\/twitter.com\/IncomeSharks\/status\/1886546431353479292?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">February 3, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Additionally, the Trump family\u2019s DeFi project, <a href=\"https:\/\/cryptopotato.com\/world-liberty-financial-loses-51-7m-in-crypto-amid-trumps-tariff-impact\/\" data-wpel-link=\"internal\">World Liberty Finance<\/a>, is being built on ETH and continues to accumulate the asset.\u00a0It bought another 1,826 ETH worth around $5 million, according to Lookonchain.<\/p>\n<p>The DeFi platform has purchased a total of 61,114 ETH worth $205 million at an average price of $3,354, with a loss of $31 million, it noted.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Trump\u2019s World Liberty(<a href=\"https:\/\/twitter.com\/worldlibertyfi?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">@worldlibertyfi<\/a>) bought another 1,826 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$ETH<\/a>($5M) today.<\/p>\n<p>World Liberty has bought a total of 61,114 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$ETH<\/a>($205M) at an average price of $3,354, with a loss of $31M!<\/p>\n<p>Today, World Liberty also transferred 86,296 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$ETH<\/a>($235M), 647 <a href=\"https:\/\/twitter.com\/search?q=%24WBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$WBTC<\/a>($65.5M), 256,315\u2026 <a href=\"https:\/\/t.co\/Oerqt5TaoX\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/Oerqt5TaoX<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1886609550507421971?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">February 4, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Despite the clearly <a href=\"https:\/\/cryptopotato.com\/5-reasons-to-be-bullish-on-ethereum-eth-despite-january-drop\/\" data-wpel-link=\"internal\">bullish premise<\/a> of a US president buying the asset, it is still plagued by bearish sentiment due to its underperformance.<\/p>\n<h2>Altcoins Recovering Quicker<\/h2>\n<p>Many of the altcoins have recovered much better than Ethereum. XRP, for example, posted a gain of more than 20% to top $2.75, while Dogecoin (DOGE) rebounded 22% to tap $0.29.<\/p>\n<p>Cardano (ADA) also recovered better than ETH with a 27% pump to top $0.80, while Chainlink (LINK), Avalanche (AVAX), Stellar (XLM), and Sui (SUI) were all outperforming ETH at the time of writing wiping out yesterday\u2019s losses.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/eth-price-rebounds-on-eric-trump-endorsement-but-still-trails-peers\/\" rel=\"nofollow\">ETH Price Rebounds on Eric Trump Endorsement but Still Trails Peers<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum prices have gained around 11% on the day to reach $2,900 during early trading in Asia on Feb. 4 before it retraced slightly. It is on the path to recovery from a crash to $2,260 on Monday following President Donald Trump\u2019s imposition of trade tariffs on Canada, Mexico, and China. Some of those tariffs [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-11188","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11188"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11188\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}