- Eric Trump’s $8,000 Ethereum endorsement amid market changes.
- Ethereum sees immediate price surge.
- Institutional interest in Ethereum ETFs grows rapidly.
Eric Trump predicts Ethereum could surpass $8,000 as global M2 money supply reaches a record $95.6 trillion and Bitcoin’s market dominance drops below 60%. Factors include strong institutional inflows into Ethereum ETFs and increased activity in crypto markets.
Eric Trump, a co-founder of World Liberty Financial, has endorsed an $8,000 price target for Ethereum as the global M2 money supply hits $95.6 trillion, coinciding with a significant drop in Bitcoin market dominance.
Eric Trump’s Ethereum price target highlights rising institutional confidence as global liquidity reaches new heights and Bitcoin’s dominance declines significantly.
Eric Trump, co-founder of World Liberty Financial, endorsed an analyst’s $8,000 price target for Ethereum, citing global M2 money growth as a key factor. This backing comes as institutional investments in Ethereum surge. He also linked the digital currency’s performance to these broader economic trends.
Following his statement, Ethereum saw a 5% increase in price, reflecting strong confidence among investors. Trump’s family-backed initiative, World Liberty Financial, played a part by accumulating substantial Ethereum holdings. This boost is part of a broader trend involving heightened institutional activity.
The market reaction was notable, with Ethereum trading volume surpassing $41 billion. Bitcoin’s market dominance dropping below 60% historically tends to trigger ETH rallies. As Eric Trump stated:
“In my opinion, it’s a great time to add $ETH.”
Some analysts remain cautious about longer-term trends despite the immediate boost in market activity.
As Ethereum ETFs gain traction, investment flows signal strong institutional and retail demand. Historical examples suggest sustained re-pricing phases, driven by both macroeconomic factors and technological advancements. The approval of spot Ethereum ETFs further invigorates market interest, while upcoming protocol upgrades add to the optimism around Ethereum’s price trajectory.
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