Eric Trump Suggest ETH Is Now A Great Buy

Eric Trump just weighed in on Ethereum, posting on X (formerly Twitter), “In my opinion, it’s a great time to add $ETH.”

His take comes as World Liberty Financial, a crypto platform tied to the Trump family, made a huge Ethereum purchase yesterday, 3rd January, buying 86,000 ETH in just seven hours. This brings its total ETH holdings to a staggering $422 million, with Ethereum now making up 65% of its portfolio.

This aggressive buying has fed many speculations. Some see it as a major vote of confidence in ETH, while others wonder if the firm is positioning itself for something bigger in crypto. But while World Liberty is buying up Ethereum, other big players are betting against it.

Recently, whales have been shorting ETH heavily, causing wild price swings and rattling investors. One whale reportedly used 50x leverage to short Ethereum, pulling in over $16.8 million in unrealized profits as ETH dropped to around $3,050. At the same time, a previously inactive whale moved 77,736 ETH (worth about $228.6 million) to the Bitfinex exchange, a move that often signals an upcoming sell-off.

With the Trump family getting more involved in crypto and whales playing their usual market-moving games, Ethereum’s next move is anyone’s guess that we are waiting for.