Ethereum (ETH), the world's second-largest cryptocurrency, has gained significant backing from Eric Trump, the second son of former President Donald Trump.
Eric Trump took to X, previously known as Twitter, to assert that Ethereum might be one of the top cryptocurrencies to invest in right now, suggesting that investors could thank him later.
In my opinion, it’s a great time to add $ETH.
— Eric Trump (@EricTrump) February 3, 2025
Despite ETH being one of the less impressive performers among major cryptocurrencies recently, its price movement after Monday's downturn indicates it might be ready to reach new record highs.
Ethereum meme coins, like Pepe and Floki, are also showing signs of a potential bullish turnaround. Experts include low-cap coins such as Wall Street Pepe and Mind of Pepe on their lists of meme coins to watch, citing their strong growth potential.
What Insights Does Eric Trump Have on Ethereum?
Eric Trump’s endorsement could significantly bolster Ethereum, a cryptocurrency that can benefit from all the support it can get.
Being the son of a former President, he might possess insider knowledge about potential legislative or executive actions that could favor ETH.
For instance, Donald Trump signed an executive order directing Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to establish an American sovereign wealth fund.
Typically, such funds invest in stocks, bonds, and real estate, but given the Trump administration's crypto-friendly approach, there's speculation that the fund might also invest in Bitcoin and leading altcoins like Ethereum, Solana, and XRP.
BTC eth and XRP almost guaranteed for the sovereign fund
— Wizard Of SoHo (🍷,🍷) (@wizardofsoho) February 3, 2025
David Sacks, Trump's crypto czar, is holding a press conference at 2:30 PM ET, with widespread rumors that he might announce SWF investments in crypto. Posts from Wyoming Senator Cynthia Lummis featuring the Bitcoin symbol and Eric Trump’s Ethereum comments have fueled further speculation.
It’s not surprising that the Trump family’s crypto firm, World Liberty Financial, has made a substantial investment in Ethereum. While Donald Trump acts as the Chief Crypto Advocate, the company is largely seen as Eric Trump's initiative.
Ethereum Price Outlook — Should You Buy, Hold, or Sell?
Expert predictions on Ethereum’s future price suggest it may finally be a good time to purchase ETH.
Eric Trump’s post, along with the postponement of US tariffs on Canada and Mexico, contributed to Ethereum’s price surging 36%, closing Monday’s trading session on a positive note. Following a dip to $2,118, Ethereum closed on Monday at $2,883, a movement that seasoned trader Bluntz described as the most volatile he's witnessed in his eight years of trading.
Notably, ETH managed to maintain a close above the $2700-$2750 range, preserving its head-and-shoulders pattern as well as the ascending parallel channel. Well-known analyst Ali Martinez suggests that these two bullish patterns combined could drive Ethereum’s price close to $7000.
If this is an ascending parallel channel, #Ethereum $ETH must hold the $2,750 support level to set the stage for a rebound to $6,760! pic.twitter.com/XPeM1tQhZQ
— Ali (@ali_charts) February 3, 2025
Top Meme Coins to Consider Buying
Ethereum-based meme coins often move in tandem with ETH, as savvy investors consider them high-risk bets on the leading altcoin.
For example, astute traders like A.A are taking long positions on Pepe.
Floki, in particular, has caught the eye of experts, with many labeling it as one of the best meme coins to purchase right now. Its durability at key support levels has encouraged investors to go long on it.
$FLOKI lows taken and a strong recovery back above
— CRG (@MacroCRG) February 3, 2025
Straight back up to range highs pls + ty pic.twitter.com/DzJWolFkod
Investors with deep pockets are also optimistic about low-cap cryptos like Wall Street Pepe (WEPE), which continues to attract significant whale interest.
The WEPE presale has already gathered more than $68 million, fueled by both whale and retail demand for its Pepe The Frog theme and sought-after utilities. Retail investors are particularly drawn to its exclusive “The WEPE Army” group, which is set to provide cutting-edge market insights to token holders.
Given the strong demand during its presale and the recent success of low-cap frog meme coins, early investors are seeing it as the potential next big meme coin with a 100x return.
Likewise, a new AI agent coin, Mind of Pepe (MIND), is attracting investors who previously missed out on cryptocurrencies like AI16Z and AIXBT.
The MIND presale has quickly raised over $5 million, driven by the high demand for AI agent cryptocurrencies.
As a self-governing and self-evolving AI, Mind of Pepe will provide hive-mind analysis, community intelligence, and real-time market insights to all MIND holders. It also features self-managed X and Telegram accounts, along with its own crypto wallet.
As a low-cap AI agent cryptocurrency, it’s no wonder experts are viewing it as one of the best meme coins to buy now.
Investment Disclaimer
Don't Miss
INF Presale Approaches $1 Million as Render Dips Below $6
Up Next
Solana is on the brink of reaching $300 once more, with swing traders showing enthusiasm for OZAK AI without clear justification
