If You Bought Ethereum When Eric Trump Said So, You’re Finally in the Green
2025-07-11 03:04:12
Main Idea
Ethereum's price has shown volatility but is nearing $3,000 after a five-month recovery, influenced by market dynamics and political statements.
Key Points
1. Ethereum trades just below $3,000 after a five-month recovery, with a 2.9% increase from the time of Donald Trump's tweet in February.
2. Price swings included a drop to $1,500 in March and April due to market pessimism and geopolitical factors, followed by a recovery.
3. Trump Media filed for a 'Crypto Blue Chip' ETF, which includes 70% BTC, 15% ETH, 8% SOL, 5% CRO, and 2% XRP.
4. Ethereum's price surged above $2,700 after the Pectra Upgrade but remained near $2,800, failing to break past February peaks.
5. At the time of writing, Ethereum gained 6.2% in a day, driven by Bitcoin's breakout momentum.
Description
Ethereum plunged as much as 37% after the president's son called it a buy in February. Five months later, it has slowly clawed its way back.
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