Ethereum price surge. After President Donald Trump extended a tariff halt to Canada, following a similar agreement with Mexico, Ethereum and Solana rebounded significantly on Monday night. This choice calmed worries about a growing North American trade war, restoring investor confidence in the bitcoin sector.
Rising from an intraday low of $2,135, Ethereum ETF Approval, the second-largest cryptocurrency by market capitalization, shot to $2,881. This 18% comeback was its biggest daily increase since May 2021. The prior drop caused approximately $600 million in future Ethereum positions to be sold.
Solana showed even more fortitude by rising 13.5% to $216 from its intraday low of $190. Reflecting growing interest in its meme-coin trading and distributed finance sectors, SOL’s trade volume climbed by 27%.
Eric Trump’s Support Boosts Ethereum
Comments from Eric Trump, the president’s son, added even more support to the market’s upward momentum. He said, “In my opinion, it’s a great time to add ETH,” and tweeted on social media.. Later, he changed the message to cut the persuading tone, but the support helped Ethereum be seen as more promising.
WLF’s $60M Transfer
Complementing the market dynamics, World Liberty Financial (WLF), a distributed finance project supported by the Trump family, made notable moves. The company moved almost $60 million in digital assets—including USDC worth $5 million and Ethereum valued at $55.69 million—to Coinbase Prime. These motions were read as strategic orientation ahead of possible legislative changes.
Trump’s Tariff Threats Spark Market
Trump’s tariff threats set off the first market turbulence, which resulted in a sell-off, causing over $2.2 billion in liquidations of crypto futures. Still, the later tariff stop and political support helped the market recover and become stable. Although geopolitical events might cause volatility, analysts point out that they can offer chances for significant profits, as shown by the recent price swings of Ethereum and Solana.
In Conclusion
The interaction of political actions with bitcoin markets emphasizes several elements affecting the value of digital assets. Ethereum price surge.. Investors should be alert when deciding what to invest in crypto and consider geopolitics and powerful endorsements.
