Ethereum gets to all-time high volume of $ 38 B as Eric Trump voices favorable view

Key Takeaways

Ethereum ( $1,974.16 ) got to a record daily place trading volume of $ 38 billion.
Eric Trump openly expressed optimism concerning Ethereum ( $1,974.16 ) ’s financial investment possibility.

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Ethereum ( $1,974.16 ) got to a record $ 38 billion in daily spot trading volume, while Bitcoin ( $84,222.00 ) logged its third-highest quantity at $ 49 billion, according to David Lawant, Head of Research Study at FalconX.

Unsurprising however, for the document:

ETH strikes an all-time high place quantity of $ 38 b yesterday, while BTC scratches its third-highest at $ 49 b pic.twitter.com/KiL 8 H 9 VPE 6

— David Lawant (@dlawant) February 4, 2025

The rise in trading task coincided with an unpredictable price movement for Ethereum ( $1,974.16 ) , which dropped to an intraday low of $ 2, 152 before recouping to $ 2, 919

Eric Trump, boy of the present United States president, shared optimism about Ethereum ( $1,974.16 ) on social media sites, stating, “In my opinion, it’s a great time to add $ETH. You can thank me later.”

In this context, the volume spike for both leading crypto possessions aligns with more comprehensive market characteristics.

While Ethereum ( $1,974.16 ) set a new all-time high in spot trading quantity, Bitcoin ( $84,222.00 ) ’s activity remained listed below its historic top.

The chart, tracking relied on spot exchange quantities from 2017 to February 2025, highlights these movements.

Ethereum ( $1,974.16 ) ’s recent rise stands apart as it surpasses its previous records, showing increased passion from investors and investors.

Bitcoin ( $84,222.00 ) ’s volume, although significant, remained within acquainted varieties, suggesting constant demand rather than a major outbreak occasion.

This aberration emphasizes Ethereum ( $1,974.16 ) ’s expanding function in the marketplace as an emphasis of speculative task throughout periods of boosted volatility.

In November, Ethereum ( $1,974.16 ) ’s onchain volume rose to $ 7 1 billion amid a market uptick, the highest in 2024, sustained by significant ETF inflows and a United States electoral outcome.

Yesterdays Eric Trump’s favorable bull-post on Ethereum ( $1,974.16 ) coincided with Globe Liberty Money transferring considerable ETH total up to Coinbase.

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