Image credit: The Byteline

Ethereum bounced back above $2,900 after President Donald Trump put a temporary hold on tariffs against Canada and Mexico—giving the crypto market some much-needed breathing room. But what really got traders buzzing was a post from Eric Trump, who told his 5.4 million followers on X that “it’s a great time to add ETH.”

“In my opinion, it’s a great time to add $ETH. You can thank me later,” Trump originally wrote on Feb. 3. However, he later edited the post, removing the last five words.

The timing of his remarks was notable. Just a day earlier, the market had suffered a brutal sell-off, with Ether plunging 16% in just one hour to a low of $2,368, following Trump’s tariff threats. But as soon as the president hit pause on those plans, ETH began recovering, climbing back to around $2,700 even before Eric Trump’s post.

The rally continued, briefly pushing ETH to $2,913 before cooling off to around $2,806.

Trump Family’s Crypto Moves Raise Eyebrows

The Trump family's growing involvement in crypto adds another layer of intrigue. On Feb. 3, blockchain analytics firm Spot On Chain reported that World Liberty Financial (WLF)—a Trump-affiliated crypto platform—moved $307.41 million worth of assets into Coinbase’s custody platform.

WLF also unstaked nearly 20,000 Lido Staked ETH, converting it back into Ether, and spent another $5 million in USDC to buy 1,826 ETH at $2,738.

Ethereum’s Long-Term Outlook

Beyond the short-term market swings, Ethereum’s long-term trajectory is also shifting. In January, the Ethereum Foundation announced a strategic move to set aside 50,000 ETH to support developers working on decentralized finance (DeFi) projects.

Ethereum core developer Eric Conner noted that staking rewards from this fund could eventually cover most of the foundation’s budget—reducing the need to sell ETH and potentially easing selling pressure, which many believe has weighed on Ethereum’s price this cycle.

For now, the combination of political developments, Trump family crypto moves, and Ethereum’s evolving strategy has traders watching ETH closely. If Eric Trump’s prediction holds true, those who followed his advice might just end up thanking him after all.

‍