$ETH
ETHUSDT#
Eric Trump, the son of the pro-crypto U.S. president, responded to criticism of his recommendation to buy Ethereum in February after the price of ETH has significantly risen recently.
In February, Eric encouraged investors to buy ETH at a price of $2,919.
By June, the price had dropped to $1,573, which drew mockery from some commentators.
Currently, Ethereum has returned to $4,696, achieving a 54% increase over the past month, approaching its all-time high of $4,891 in November 2021.
📈 The rise is driven by large investment flows into ETH ETF funds and increased demand from institutional vaults, including BitMine Immersion Technologies, which owns 1.2 million ETH.
🔮 Upcoming forecasts: Some analysts believe Ethereum could rise to $7,000–$13,000 if it continues to break through the recent resistance, indicating a 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 decline?
#Ethereum #Crypto #Investing #cry