🚀 Eric Trump Responds to Critics as Ethereum Rises to $4,696
Eric Trump, the son of the pro-crypto American president, responded to the criticism surrounding his recommendation to buy Ethereum in February after the price of ETH surged recently.
In February, Eric encouraged investors to buy ETH at $2,919.
By June, the price had dropped to $1,573, which drew ridicule from some commentators.
Currently, Ethereum has returned to $4,696, achieving a 54% increase over the past month, nearing its all-time high of $4,891 in November 2021.
📈 The rise is driven by significant inflows into ETH ETF funds, and increasing demand from institutional treasuries, including BitMine Immersion Technologies, which owns 1.2 million ETH.
🔮 Upcoming Predictions: Some analysts believe Ethereum could rise to $7,000–$13,000 if it continues to break through recent resistance, suggesting the potential start of a new bullish wave.
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In your opinion, is this rise a new buying opportunity or just a correction after the previous drop?
#Ethereum #Crypto #Investing