At the time of writing, the price of ETH is trading at $2,816, with daily gains of 8%, weekly losses of 10.8%, and monthly losses of 22%.

The cryptocurrency market in general is experiencing a recovery after the sharp drop last weekend.

ETH stands out with a significant rebound that has captured the attention of several investors. Among them is Eric Trump, son of Donald Trump and participant in the Word Financial Liberty project, who expressed his opinion on X about the current moment of the token:

In my opinion, it’s a great time to add $ETH.

— Eric Trump (@EricTrump) February 3, 2025

"In my opinion, it’s a good time to add ETH," stated the former president's son.

Why is the price of ETH recovering?

The price of ETH is recovering strongly due to two main factors that have influenced both the macroeconomic environment and the infrastructure of the Ethereum network.

On one hand, the tariff policy of the U.S., implemented by Donald Trump, has shown signs of easing. As affected countries reach agreements with the U.S. government, such as Mexico, the markets have reacted positively.