Ethereum Price See’s Price Jump After Eric Trump’s Endorsement, Yeti Ouro Coin Follows In Its Success
The post Ethereum Price See’s Price Jump After Eric Trump’s Endorsement, Yeti Ouro Coin Follows In Its Success appeared on BitcoinEthereumNews.com.
Ethereum (ETH) just received an unexpected pump after getting an unexpected endorsement — from Eric Trump. Soon after, Yeti Ouro (YETIO), an upcoming meme coin, also jumped on the bandwagon, tracing the movements of ETH and attracting the eyes of investors. Ethereum (ETH) soared after Eric Trump unexpectedly endorsed the project, and the crypto market is buzzing. On Feburary 3rd 2025, Trump posted on X (formerly Twitter), “In my opinion, it’s a great time to add Ethereum (ETH). You can thank me later.” The post was quickly deleted, but speculation erupted, sending ETH soaring within hours, as per Yahoo Finance. Now, the crypto market is no stranger to sudden swings, but with a political figure from the Trump clan endorsing Ethereum, there’s shaken in the space. However, Ethereum price is at $2,783.41 as of writing, and has changed its trading volume by -33.66% in the last 24 hours. Liquidation Insights: As per Ethereum’s liquidation chart shows the steep drops of downward spikes that correlate with outsized sell-offs in the current market downtrends. Thick red bars indicate aggressive liquidation on the downside and small green bars show that long traders are caught off guard. This indicates a more volatile and risk-averse trading environment, with risks of over-leveraged positions taking center stage. Open Interest Trends Open interest has been in a gradual decline from the $17.6 billion peak to currently just around $11.7 billion, indicating less trader participation and leverage. The plunge matches with liquidation events, implying that large numbers of traders have closed and taken home losses. New Hot Token: Yeti Ouro Yeti Ouro is the latest token that is turning heads in the crypto industry. Whereas most highly speculated meme coins solely rely on community engagement, YETIO not only maintains this side but also aims to provide actual utility to its investors. Yeti Ouro is not just another Play-to-Earn project—it’s a…
Filed under: News - @ February 8, 2025 10:28 am