The crypto market showed positive signs after U.S. President Donald Trump suspended tariffs on Canada and Mexico, easing investor concerns.
Eric Trump posted on X that February 3 was the perfect time to invest in ETH, though he later deleted the phrase “You can thank me later.”
The market had suffered a sharp drop on February 2-3 following Trump’s proposed tariff plan. Ether plunged 16% in just one hour, hitting a low of $2,368.

Eric Trump’s post came after the market had already rebounded to $2,700, thanks to his father’s decision to delay the tariffs. ETH peaked at $2,913 before settling at $2,806.
The Trump family’s financial firm, World Liberty Financial (WLF), executed significant cryptocurrency transactions.
WLF transferred $307.41 million worth of assets to Coinbase’s custody service and converted 20,000 Lido Staked Ether (stETH) into ETH.
Blockchain analytics firm Spot On Chain reported that WLF purchased 1,826 ETH at $2,738 using $5 million USDC, funds set to support its upcoming “Earn and Borrow” lending protocol.
Ethereum’s ecosystem is also evolving. The Ethereum Foundation allocated 50,000 ETH to its treasury, earning rewards from staking.
Core Ethereum developer Eric Conner predicts this staking model will fund most of the foundation’s budget while reducing ETH’s circulating supply.
A new marketing agency, Etherealize, launched on 22 January to promote Ethereum to Wall Street investors. Institutional interest signals long-term growth potential for ETH.