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Coinspeaker
Top Reasons Why Ethereum (ETH) Price Is Up 12% Today
Following a brutal crypto market correction on Monday, Ethereum price has registered a strong bounce back, gaining 12% and shooting past $2,800 levels. Some of the key reasons behind this rally include the easing tensions of the Trump trade war, crypto czar David Sacks holding the first press conference for America’s digital assets leadership, Ethereum whale accumulation, and much more.
Ethereum and Altcoins Rally as Trump Eases Trade War Measures
On Tuesday, the broader crypto market, including Bitcoin
BTC
$99 356
24h volatility:
3.8%
Market cap:
$1.97 T
Vol. 24h:
$84.85 B
, Ethereum
ETH
$2 776
24h volatility:
6.7%
Market cap:
$334.13 B
Vol. 24h:
$57.74 B
, and other altcoins bounced back after a brutal Monday crash. Donald Trump has decided to ease the tariff war after reaching a temporary deal with Canada and Mexico.
The United States, Mexico, and Canada have agreed to a one-month delay on new tariffs initially announced by President Donald Trump. The proposed tariffs included a 25% levy on Mexican and Canadian goods and a 10% tariff on Chinese imports. Originally set to take effect on Tuesday, the White House confirmed the postponement after discussions between Trump and the leaders of Mexico and Canada.
The development has triggered a strong recovery in the global equity and crypto market. Ethereum price, along with other altcoins, has bounced back firmly, moving above the crucial support level once again.
Ethereum Whale Accumulation
Just as the Ethereum price crashed all the way to $2,500 on Monday, the Ethereum whales charged in to buy the market dips. Donald Trump’s DeFi project World Liberty Financial spent another 5 million USDC stablecoins to purchase an additional 1,826 ETH at $2,738.
Since January 19, the project has spent around $150 million acquiring a total of 45,405 ETH coins. However, the data from Spot On Chain shows that it is currently sitting at a nearly 25% drop in its ETH investments.
Despite the current market turbulence, the DeFi project continues to acquire more ETH. Furthermore, the 1inch’s Investment Fund has made significant moves, purchasing 7,289 ETH, worth a massive $10.44M in investment. Furthermore, in a post on the X platform, Eric Trump wrote: “In my opinion, it’s a great time to add ETH”.
Popular crypto analyst Ali Martinez noted that Ethereum price needs to sustain the $2,700 to keep the bullish structure of inverse head and shoulder pattern intact. Once ETH crosses the $4,000 resistance, it can further rally to $7,000 and beyond.
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Source: Ali Martinez
Donald Trump’s Sovereign Wealth Fund to Include Ethereum?
On Tuesday, US President Donald Trump signed an executive order for the creation of a Sovereign Wealth Fund. White House Press Secretary Karoline Leavitt announced the decision, highlighting the fund’s anticipated importance in national financial planning.
While specific details about the fund’s purpose and structure remain undisclosed, it is expected to manage a diverse portfolio of assets. Financial analysts speculate that alternative investments, such as Bitcoin and Ethereum, could be included to enhance diversification.
Crypto Czar David Sacks to Hold Press Conference
AI and crypto czar David Sacks will be holding the first conference on Tuesday, along with other Republican lawmakers, discussing America’s leadership in the crypto space. The announcement revealed that Sacks will present the White House’s strategic plan for digital assets and the broader cryptocurrency market, focusing on critical areas like regulatory policies, innovation incentives, and national security priorities.
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Top Reasons Why Ethereum (ETH) Price Is Up 12% Today
