Ethereum (ETH) Reaches New Heights, Eric Trump Expresses Optimism

The crypto market has experienced exceptional activity, propelling Ethereum to a level never before reached. In just one day, its spot transaction volume surpassed $38 billion, an all-time high confirmed by David Lawant, head of research at FalconX, in a post on social media X (formerly Twitter) on February 4, 2025.

The crypto market experienced a historic day on February 3-4, with an immense influx of capital into Ethereum, reaching an all-time high in daily transaction volume. This development coincides with high price volatility and an unexpected statement from Eric Trump regarding his optimism towards investing in ETH. As massive transfers of ETH to Coinbase were observed, speculations arose about increasing institutional interest. Here's a closer look at these events and their potential impact on the market.

Unprecedented volume highlights growing interest in Ethereum

The crypto market witnessed exceptional activity on Friday, with an astonishing level of interest in Ethereum. According to David Lawant, head of research at FalconX, in a post on social media X (formerly Twitter) on February 4, Ethereum's spot transaction volume surpassed $38 billion in a single day. This marks an all-time high in recorded volume, far exceeding previous peaks.

This massive volume showcases the growing interest in the second largest crypto in the market. At the same time, Bitcoin also saw a strong influx, with trading volume reaching $49 billion, marking its third highest level all-time. This huge liquidity movement was also accompanied by significant price volatility, with ETH dropping to $2,152 before bouncing back to $2,919 during the day.

This drastic fluctuation fits into a broader context of a jittery market, where investors capitalize on price movements to maximize their profits. In light of this dynamic, Ethereum is increasingly establishing itself as a strategic asset, attracting both short-term traders and institutional investors seeking long-term exposure.

Eric Trump's surprising intervention and its impact on the market

While Ethereum's volume record was capturing the market's attention, an unexpected statement further heightened the buzz. Eric Trump, son of the American president, surprised many by expressing his optimism towards investing in Ethereum.

On social media X (formerly Twitter) on February 3, he posted a message that reads, “In my opinion, this is a great time to accumulate ETH. You'll thank me later.” This stance is particularly noteworthy considering the Trump family's well-known pro-Bitcoin stance, to the detriment of other cryptos.

In the hours following this statement, massive financial movements were detected, bolstering speculation about increasing institutional interest in Ethereum. World Liberty Finance transferred large amounts of ETH to Coinbase, one of the main exchange platforms in the United States.

This temporal coincidence between Eric Trump's message and these capital flows sparked questions about the involvement of large institutions in Ethereum's rise. Such renewed interest comes as U.S. regulations on cryptos rapidly evolve, especially with the rise of Ethereum ETFs, which are attracting traditional investors en masse.

This double event raises questions about Ethereum's evolution and positioning in the financial ecosystem. If the observed interest in ETH is maintained, it could accelerate its adoption by traditional investors, boosting the momentum of Ethereum ETFs, which are already seeing record volumes in the United States.

However, the heightened volatility of the crypto market reminds us that these phases of euphoria often accompany abrupt corrections. The extent of this enthusiasm will depend on the upcoming decisions of financial institutions and U.S. regulatory developments, which could influence Ethereum's trajectory.

One certainty remains: ETH continues to assert its central role in investment strategies, confirming its growing importance in the crypto landscape.