Ethereum News Today: Eric Trump Backs Ethereum Amid $18.6M Crypto Purchase and Buy-the-Dips Push

Eric Trump, the son of former U.S. President Donald Trump, recently urged investors to "buy the dips" on X following a $18.6 million Ethereum and wrapped Bitcoin (WBTC) purchase attributed to a WLFI-linked wallet [1]. The transaction involved 1,911 ETH and 84.5 WBTC, a significant acquisition that sparked attention within the crypto community. Eric Trump shared his endorsement via his official X account, reinforcing the idea that short-term market dips present buying opportunities [2].

The timing of his comment coincided with a broader period of increased activity in the crypto market. While no major institutional or regulatory responses have been reported, the message has stirred discussions among traders and social media users, particularly those active in crypto forums [3]. However, the immediate financial impact on Ethereum’s liquidity or market structure remains minimal, with analysts noting that the move has not triggered significant price volatility or structural changes in trading patterns [4].

Eric Trump, despite his political background, has no known prior public engagement with cryptocurrency. This has led experts to approach his statements with caution, highlighting the speculative nature of the market and the limited predictive power of celebrity endorsements [5]. Historical precedents suggest that public figures with large followings—such as Elon Musk—can influence short-term trading behavior, but these effects tend to be temporary unless reinforced by larger market forces or regulatory developments [6].

The broader market context includes anticipation for Ethereum’s Fusaka upgrade, scheduled for early November 2025, which follows the successful Pectra upgrade that drove a 42% price increase in a short timeframe [6]. This sequence of upgrades has reinforced expectations for Ethereum’s scalability and long-term viability, contributing to the renewed interest in the asset.

While Trump’s comments do not constitute financial advice, they reflect a bullish stance that may influence retail investor sentiment. The growing institutional interest in crypto, alongside increasing adoption and regulatory progress, could further support Ethereum’s price trajectory, though market volatility remains a key risk.

Sources:

[1] https://m.economictimes.com/crypto-news-today-live-17-aug-2025/amp_liveblog/123338832.cms

[2] https://www.ainvest.com/news/ethereum-news-today-eric-trump-advocacy-lifts-ethereum-62-growing-institutional-interest-2508/

[3] https://t.signalplus.com/crypto-news/detail/eric-trump-buy-the-dips-18m-eth-wbtc

[4] https://t.signalplus.com/crypto-news/detail/eric-trump-18-6m-eth-wbtc-buy-dips

[5] https://www.cityfalcon.ai/news/directory/people/eric-wiseman/news

[6] https://www.aol.com/1-big-reason-buy-ethereum-124100361.html