Zinger Key Points
- Eric Trump urges investors to accumulate Ethereum as World Liberty Financial increases its ETH holdings.
- Traders speculate that Crypto Czar David Sacks’ conference tonight could bring major news for digital assets.
After falling to a low around $2,200 on early Monday morning, Ethereum ETH/USD is bouncing back, propelled by a bullish statement by Eric Trump.
What Happened: The president’s son tweeted that it's a "great time to add ETH" on Monday, sparking speculation about an upcoming ETH-related announcement.
Crypto trader ShardiB2 questioning the ethics of publicly promoting Ethereum, arguing that crypto is increasingly being used as a tool for market manipulation.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Ethereum ETH/USD | $2,791.66 | $336.5 billion | +3.5% | -11.7% |
| Bitcoin BTC/USD | $99,712.93 | $1.97 trillion | +0.92% | -2.5% |
| XRP XRP/USD | $2.64 | $152.3 billion | +1.5% | -16.7% |
Trader Notes: Crypto trader Jelle pointed out that the Trump-related World Liberty Financial project recently purchased 3,000 ETH, raising speculation about whether they have insider knowledge.
Crypto trader Bluntz Capital described Ethereum's daily price movement as the wildest daily candle he has seen in eight years of trading.
Cold Blooded Shiller noted that noted that Ethereum's downside tolerances are wide, but that's expected with high-trade-frequency structures. He believes ETH must hold this weekly/monthly zone for the rally to continue.
Statistics: Lookonchain data shows that World Liberty Financial, backed by Donald Trump, purchased another 1,826 ETH worth $5 million, bringing its total holdings to 61,114 ETH valued at $205 million—currently down $31 million.
Additionally, the fund transferred a large batch of assets which includes 86,296 ETH, worth $235 million, to Coinbase Prime.
Ethereum Spot ETFs saw $83.54 million in net inflows on Feb. 3, marking the third consecutive day of positive inflows.
Fidelity's FETH led inflows, followed by Grayscale's ETHE.
IntoTheBlock data revealed a 198.9% spike in Ethereum's large transaction volume, with transactions over $100,000 jumping from 8,334 to 18,066 in a single day.
Around 350,000 ETH, worth nearly $1 billion, was withdrawn from exchanges on Feb. 3, the highest single-day net withdrawal since January 2024, signaling strong accumulation.
Community News: Crypto Czar David Sacks will host a press conference on Feb. 4, addressing digital assets and America's strategy to lead the industry.
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