Ethereum News Today: Eric Trump Backs $8,000 Ethereum Call as Price Gains 5% on Macroeconomic Trends and ETF Inflows

Eric Trump, co-founder of World Liberty Financial, has publicly endorsed an $8,000 price target for Ethereum, citing macroeconomic trends and institutional activity as key drivers. His comments emerged as global M2 money supply reached a record $95.6 trillion, coinciding with Bitcoin’s market dominance declining below 60% for the first time since 2020. Trump attributed the bullish outlook to surging inflows into Ethereum-focused exchange-traded funds (ETFs) and broader crypto market participation. Following his statement, Ethereum’s price rose 5%, with trading volume exceeding $41 billion, reflecting renewed investor confidence [1].

Trump emphasized that the global liquidity environment and Bitcoin’s waning dominance create a tailwind for Ethereum’s re-pricing. “In my opinion, it’s a great time to add $ETH,” he stated, highlighting institutional investments and World Liberty Financial’s own Ethereum accumulation as evidence of growing institutional confidence. The firm, a family-backed initiative, has positioned itself as a significant holder of the digital asset, amplifying market speculation around its potential.

Analysts note that Bitcoin’s market dominance historically dips below 60% during ETH-driven bull cycles, often triggering short-term rallies. However, they caution that longer-term sustainability depends on macroeconomic stability and regulatory clarity. The recent approval of spot Ethereum ETFs has intensified investor interest, with inflows signaling strong demand from both institutional and retail investors [1]. Additionally, upcoming protocol upgrades to Ethereum’s network, such as further gas fee reductions and scalability improvements, are seen as catalysts for continued optimism.

The market reaction underscores a shift in asset allocation, with Ethereum ETFs attracting capital as alternatives to traditional markets. While Trump’s $8,000 target aligns with bullish analyst forecasts, achieving such a level would require sustained inflows and broader adoption of decentralized applications. Some observers remain cautious, pointing to volatility risks amid global economic uncertainties. Nevertheless, the interplay of macro trends and Ethereum’s technological trajectory has positioned it as a focal point for investors seeking exposure to crypto’s next phase.

Source: [1] [Eric Trump Backs $8,000 Ethereum Call Amid Market Shifts] [https://coinmarketcap.com/community/articles/68848c271013875e148796b9/]