News View Non-AMP

Why Ethereum Price is Up Today?

Published by
Qadir AK

Ethereum has surged 8% in the last 24 hours after U.S. President Donald Trump decided to pause plans for imposing tariffs on Canada and Mexico. The move has sparked renewed confidence in the crypto market, which had been struggling since the tariff announcement. Adding to the buzz, Eric Trump, the president’s son, has encouraged investors to buy ETH.

What’s driving this sudden rebound? Let’s take a closer look.

Ethereum’s Price Drop and Sudden Rebound

On February 1, 2025, President Trump announced plans to impose tariffs on Mexico and Canada. This decision shook the markets, causing Ethereum to drop 13.1% in just two days, with its price falling from $3,301. Since then, the market has declined by a total of 18.52%.

However, after the White House signaled a possible reversal on the tariffs, Ethereum began showing signs of recovery. Initially, ETH saw a modest 0.19% gain, but in the past 24 hours, it has surged 8%, indicating growing investor optimism.

Stock Up, Folks!

Interestingly, Eric Trump, the president’s son, in a recent post, noted that it is a great time to buy Ethereum. His initial post was highly persuasive in nature, as it contained a statement, “You can thank me later.” The statement was later removed, probably to make it appear less persuasive than the initial one. 

Trump-Linked DeFi Project Moves Millions

World Liberty Financial (WLF), a DeFi project connected to the Trump family, has been making big moves in the crypto space:

  • Transferred $307.41M to Coinbase Custody
  • Unstaked 20,000 Lido Staked ETH back into regular ETH
  • Bought 1,826 ETH for $5M USDC

Analysts believe these transactions may be linked to Earn and Borrow, WLF’s upcoming lending protocol.

Ethereum’s Declining Performance Compared to Bitcoin

A noticeable pattern has emerged between Bitcoin and Ethereum prices. Each time Bitcoin hits $100,000, Ethereum’s price has been dropping lower than before.

It was on December 5, 2024, that the Bitcoin market reached the milestone of $100K for the first time. At that time, the Ethereum market stood at around $3,900. 

When BTC touched the $100K mark for the second time, ETH slipped to $3,800. When BTC touched the mark for the third time, ETH declined to $3,700; for the fourth time, to $3,400; for the fifth time, to $3,200; and for the sixth time, to $2,800. 

This trend suggests Ethereum is struggling to keep up with Bitcoin during major rallies.

Ethereum’s recent 8% jump, fueled by Trump’s tariff pause and Eric Trump’s endorsement, has given the market a boost. However, its continued underperformance compared to Bitcoin raises questions about its long-term strength.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Best Memecoin To Buy Now? Pepeto Could Mirror Doge and SHIB Past Price Rallies

The memecoin world is going through a big transformation. Where tokens once thrived purely on…

July 5, 2025

These 4 Meme Coins Could 20x in 2025 as Spot Dogecoin ETF Nears SEC Approval

The meme coin market is heating up like never before—and 2025 might just be the…

July 5, 2025

Liked by Investors: This $0.03 Coin Has the Same Upside Potential as XRP (XRP) in Early Days

Years ago, XRP traded under a penny, shrugged off by many who didn’t fully grasp…

July 5, 2025

Why Remittix’s Unique PayFi Offering Has Cardano & XRP Whales Circling After $15 Million Is Raised!

Remittix is quickly gaining ground as a serious crypto player, especially after raising over $15.9…

July 5, 2025

XRP’s Tight Range Signals Imminent Move–Experts Predict Major Breakout

XRP is standing out with exceptional strength amid broader volatility in the crypto market. Analysts…

July 5, 2025

Is Ethereum Going To Find Resistance At $2,500 Or Are More Losses Incoming? Investors Are Hedging With RTX, SUI & KAS

Ethereum has shown signs of life, but traders aren’t fully convinced just yet. With $2,500…

July 5, 2025