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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
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 suspended<\/a>, resulting in a crypto market recovery.<\/p>\n 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 \u201cTrump nuked ETH and then his son saves it. What timeline are we even in right now,\u201d commented<\/a> Ethereum educator Anthony Sassano.<\/p>\n In my opinion, it\u2019s a great time to add $ETH<\/a>.<\/p>\n \u2014 Eric Trump (@EricTrump) February 3, 2025<\/a><\/p>\n<\/blockquote>\n 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 This means that the ETH\/BTC ratio is still around its weakest level since December 2020 at 0.028, 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 \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 $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. pic.twitter.com\/FKk2ZCGvLB<\/a><\/p>\n \u2014 IncomeSharks (@IncomeSharks) February 3, 2025<\/a><\/p>\n<\/blockquote>\n Additionally, the Trump family\u2019s DeFi project, 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 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 Trump\u2019s World Liberty(@worldlibertyfi<\/a>) bought another 1,826 $ETH<\/a>($5M) today.<\/p>\n World Liberty has bought a total of 61,114 $ETH<\/a>($205M) at an average price of $3,354, with a loss of $31M!<\/p>\n Today, World Liberty also transferred 86,296 $ETH<\/a>($235M), 647 $WBTC<\/a>($65.5M), 256,315\u2026 pic.twitter.com\/Oerqt5TaoX<\/a><\/p>\n \u2014 Lookonchain (@lookonchain) February 4, 2025<\/a><\/p>\n<\/blockquote>\n Despite the clearly bullish premise<\/a> of a US president buying the asset, it is still plagued by bearish sentiment due to its underperformance.<\/p>\n 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 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 LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
Ethereum Woes Continue<\/h2>\n
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Altcoins Recovering Quicker<\/h2>\n
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