"Eric Trump Boosts Ethereum, Meme Coins Surge"

Ethereum Gains Backing from Eric Trump, Boosting Meme Coins

Ethereum (ETH), the world's second-largest cryptocurrency, has received significant support from Eric Trump, the second son of former President Donald Trump. Eric Trump took to X, previously known as Twitter, to assert that Ethereum might be one of the top cryptocurrencies to invest in right now, suggesting that investors could thank him later. Despite ETH being one of the less impressive performers among major cryptocurrencies recently, its price movement after Monday's downturn indicates it might be ready to reach new record highs. Ethereum meme coins, like Pepe and Floki, are also showing signs of a potential bullish turnaround. Experts include low-cap coins such asandon their lists of meme coins to watch, citing their strong growth potential.

Eric Trump’s endorsement could significantly bolster Ethereum, a cryptocurrency that can benefit from all the support it can get. Being the son of a former President, he might possess insider knowledge about potential legislative or executive actions that could favor ETH. For instance, Donald Trump signed an executive order directing Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to establish an American sovereign wealth fund. Typically, such funds invest in stocks, bonds, and real estate, but given the Trump administration's crypto-friendly approach, there's speculation that the fund might also invest in Bitcoin and leading altcoins like Ethereum, Solana, and XRP. BTC eth and XRP almost guaranteed for the sovereign fund

David Sacks, Trump’s crypto czar, is holding a press conference at 2:30 PM ET, with widespread rumors that he might announce SWF investments in crypto. Posts from Wyoming Senator Cynthia Lummis featuring theBitcoin symboland Eric Trump’s Ethereum comments have fueled further speculation. It’s not surprising that the Trump family’s crypto firm, World Liberty Financial, has made a substantial investment in Ethereum. While Donald Trump acts as the Chief Crypto Advocate, the company is largely seen as Eric Trump's initiative.

Expert predictions on Ethereum’s future price suggest it may finally be a good time to purchase ETH. Eric Trump’s post, along with the postponement of US tariffs on Canada and Mexico, contributed to Ethereum’s price surging 36%, closing Monday’s trading session on a