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Ethereum Rebounds To Top $2.9K After Eric Trump Says ‘It’s A Great Time To Add ETH’

Fiona C
Latest News
February 04 2025 6:44AM

After yesterday morning’s drastic fall in the price of ETH (COIN:ETHUSD), along with many other cryptocurrencies, Eric Trump, son of the U.S. President, told his followers on social media that it’s a good time to buy Ether.

Ether’s price rebounded to over $2,900 after Trump’s tariffs on Canada and Mexico were halted, and Trump told his 5.4 million X followers: “In my opinion, it’s a great time to add $ETH. You can thank me later.” He later edited the post to remove those last five words.

The announcement at the weekend of Trump’s tariffs saw Ether plumet 15% in a single hour to a low of $2,368. It recovered to around $2,700 when the President agreed to pause the proposed tariffs on Canada and Mexico, then Eric Trump’s post pushed it higher to $2,913 before it fell back to its current price of $2,775.