Eric Trump Says 'It’s a Great Time to Add ETH' as Ethereum Nears $3K

- Ethereum's Short-term Surge Following Eric Trump's Remark - Impact of World Liberty Financial's Asset Movement [Unblock Media] The price volatility of Ethereum was directly influenced by Eric Trump's comments. On February 3rd, Eric Trump recommended additional purchases of Ethereum on his social media account, causing the price to surge to $2913 in the short term. However, subsequent profit-taking by investors and macroeconomic factors like the suspension of tariff policies on Canada and Mexico announced by President Donald Trump brought Ethereum down to its current level of $2700. This analysis suggests that Trump's positive remarks sparked a buying spree, but short-term profit-taking and various external factors led to the price decline. The move by World Liberty Financial to utilize Coinbase Custody for their assets is interpreted as an effort to enhance security and liquidity. Reports by Spot on Chain indicate that this platform, managed by the Trump family, recently transferred assets valued at approximately 23.65 million USD to Coinbase Custody. Coinbase Custody supports legal protection and safe asset management through multi-signature technology and cold wallets, making it a suitable choice for institutions or organizations handling large sums of money. Consequently, this asset movement is significant for securing both security and the liquidity necessary for executing trades. World Liberty Financial's asset management strategy, involving the unstaking of 20,000 ETH from Lido Staking and purchasing 1826 ETH worth around $5 million in USD Coin, also significantly impacts the market. Such large-scale purchases are expected to increase short-term liquidity and activate DeFi ecosystems like the Earn and Borrow protocol. Moreover, if the Ethereum held by institutions doesn’t result in selling, it could mitigate selling pressure. The Ethereum Foundation’s announcement to manage 50,000 ETH assets is seen as an attempt to replace the foundation's budget through staking rewards and reduce selling pressure within the community. This organizational restructuring and operational plan are expected to have a positive ripple effect throughout the Ethereum ecosystem and potentially improve investor sentiment. Additionally, the launch of Etherealize on January 22nd was designed to appeal to institutional investors about Ethereum’s bull market and can be viewed as a strategy to attract more institutional capital. In conclusion, from Eric Trump's remarks to World Liberty Financial's asset movements, the Ethereum Foundation's active budget management plans, and Etherealize's efforts to attract institutional investors—these activities have a direct and indirect impact on the Ethereum market. Understanding this information is crucial for predicting Ethereum's future and remains a key focus for market participants.