Eric Trump’s Ethereum Tweet coincided with the largest reversal in several months. Now, he’s turning to Bitcoin—does this call mean anything?
Eric Trump’s latest comments on BitcoinBTCThe immediate impact of the ( seems to be small.
He took to X on Feb. 6 and posted. “Feels like a great time to enter #BTC!” Bitcoin briefly rose above $98,000 but then settled at around $97.650. At the time of this writing, it was up only a small 0.4% per hour.
It is a stark contrast from the response to Eric Trump’s Tweet on Ethereum just a few days ago.ETHThe dramatic turnaround in the market coincided with this.
Ethereum has already suffered on Feb. 1 after President Donald Trump’s tariff announcement A selloff on the entire market was triggered. Ethereum’s price had plummeted 37 percent since its high of Jan. 31. This was one of the sharpest falls in its history.
Eric Trump posted a message on February 4, 2016: “It’s a great time to add ETH.”
In less than a single day, Ethereum was up over 35% within 18 hours after its low point. It went from $2,300 down to $2,900. Ethereum is now trading at $2,830, a level it has reached on Feb. 6th.
The rapid swings in price following the tweet of this trader have caused some traders to be more attentive to his forecasts.
Eric Trump’s remarks were made at a time when Bitcoin had seen an impressive rally. Ethereum was still in a different structure. The tweet from Eric Trump about Ethereum coincided with the bottom of the market and an extreme level of oversold condition, but Bitcoin was trading at record levels, which left less room to make a quick turnaround.
The traders who are waiting for the past to repeat itself will have to wait to see whether this tweet has the same weight.
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Source: crypto.news
