- Ethereum rebounded 7% in 24 hours after dropping to $2,500 during a massive market-wide liquidation event.
- Eric Trump expressed bullish sentiment on ETH, while World Liberty Financial increased its holdings by 1,826 ETH ($5 million).
- Technical analysis indicates Ethereum could target $4,000, with shifting price correlations to Bitcoin’s $100,000 level.
Ethereum has begun showing recovery momentum after experiencing a dramatic fall to $2,500 during yesterday’s market-wide liquidation event. ETH has rebounded with a 7% increase in the last 24 hours. In his X post, Eric Trump expressed optimism about Ethereum’s current price levels, suggesting that it would be the right time to add in ETH to their holdings. This statement follows the on-chain data, which reveals the institutional movement involving the cryptocurrency.
Although ETH faced a severe dip due to tarde tariffs imposed by President Donald Trump, technical analysis suggested a potential surge. According to CryptoTale analysis, the token is set to reach $4,000, garnering investor interest. Despite the $2.2 billion in liquidation, Ethereum’s bounce from the $2,500 level shows resilience, though the asset remains below its recent highs.
Over the past seven days, Ethereum was trading around the $3,400 range. However, the recent market crash triggered by Trump’s tariff plans erased a majority of the gains. The recovery pattern suggests growing market maturity, with institutional buyers viewing price dips as entry opportunities rather than causes for concern.
Related: The Blockchain Bulletin, Feb 4: Michael Saylor Puts a Pause on Bitcoin Purchase
Notably, in an analysis, Lookonchain, a blockchain analytical platform identified a pattern between Bitcoin and Ethereum. Each time Bitcoin touched $100K, Ethereum’s corresponding price showed a gradual decline from $3,900 to $2,800, potentially indicating a shifting correlation between the two major cryptocurrencies.
On the other hand, the World Liberty Financial acquired an additional 1,826 ETH worth approximately $5 million, bringing its total holdings to 61,114 ETH, according to Lookonchain.
The institutional interest comes despite World Liberty currently facing an unrealized loss of $31 million on their Ethereum positions, having accumulated at an average price of $3,354. The organization has also shown broader crypto market engagement, transferring holdings to Coinbase Prime, including 86,296 ETH ($235M), 647 WBTC ($65.5M), and various other digital assets.
