Ethereum's price, following Eric Trump's recommendation to buy on February 4, initially dropped 37%, hitting a low of around $1,470 in April amid market turmoil. However, by July 9, its price had recovered to near $2,962, marking a 2.9% gain for those who invested at Trump's suggestion. Market fluctuations were influenced by several factors, including geopolitical trade policies and inflation concerns, which led to volatility in cryptocurrencies. Despite a brief rally post-Trump's initial tweet, Ethereum's price remained sluggish until the Pectra Upgrade in May sparked renewed interest. By June and into July, Ethereum showed signs of stabilization and positive movement, aided by broader market momentum from Bitcoin reaching new all-time highs. Investors who held onto their Ethereum through the tough months have finally seen their patience rewarded with an increase in value.

Source 🔗