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Ethereum reaches all-time excessive quantity of $38B as Eric Trump voices bullish sentiment

Markets Home » Markets » Ethereum reaches all-time high volume of $38B as Eric Trump voices bullish sentiment by Germán Frers Feb. 4, 2025 Eric Trump’s endorsement adds fuel to Ethereum’s trading frenzy. Key Takeaways Ethereum reached a record daily spot trading volume of $38 billion. Eric Trump publicly expressed optimism about Ethereum’s investment potential.

Ethereum reaches all-time excessive quantity of $38B as Eric Trump voices bullish sentiment

Home » Markets » Ethereum reaches all-time excessive quantity of $38B as Eric Trump voices bullish sentiment

Eric Trump’s endorsement provides gasoline to Ethereum’s buying and selling frenzy.

Golden Ethereum logo illuminated with blue and green lighting.

Key Takeaways

  • Ethereum reached a report every day spot buying and selling quantity of $38 billion.
  • Eric Trump publicly expressed optimism about Ethereum’s funding potential.

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Ethereum reached a report $38 billion in every day spot buying and selling quantity, whereas Bitcoin logged its third-highest quantity at $49 billion, based on David Lawant, Head of Analysis at FalconX.

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The surge in buying and selling exercise coincided with a unstable worth motion for Ethereum, which dropped to an intraday low of $2,152 earlier than recovering to $2,919.

Eric Trump, son of the present US president, expressed optimism about Ethereum on social media, stating, “For my part, it’s a good time so as to add $ETH. You’ll be able to thank me later.”

On this context, the amount spike for each main crypto property aligns with broader market dynamics.

Whereas Ethereum set a brand new all-time excessive in spot buying and selling quantity, Bitcoin’s exercise remained under its historic peak.

The chart, monitoring trusted spot alternate volumes from 2017 to February 2025, highlights these actions.

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Ethereum’s latest surge stands out because it surpasses its earlier data, reflecting heightened curiosity from buyers and merchants.

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Bitcoin’s quantity, though substantial, stayed inside acquainted ranges, suggesting regular demand slightly than a serious breakout occasion.

This divergence emphasizes Ethereum’s rising function out there as a spotlight of speculative exercise during times of elevated volatility.

In November, Ethereum’s onchain quantity soared to $7.1 billion amid a market uptick, the best in 2024, fueled by important ETF inflows and a US electoral consequence.

Yesterdays Eric Trump’s optimistic bull-post on Ethereum coincided with World Liberty Finance transferring important ETH quantities to Coinbase.

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