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Ether rebounded sharply on Tuesday, jumping 13% to $2,845.42 after U.S. President Donald Trump postponed trade tariffs on Canada and Mexico. The second-largest cryptocurrency recovered most of its 8% loss from the prior session, tracking a broader market uptrend.
The rally was further fueled by Eric Trump’s endorsement, calling it a “great time to add Ether.” Bitcoin also surged 8.2% to $101,112.0, bouncing back from Monday’s drop to $91,000.
Ether had plummeted as much as 25% on Monday amid heightened risk aversion over Trump’s tariff plans. The sell-off was exacerbated by World Liberty Financial—a crypto firm linked to Trump—moving 67,000 Ether onto Coinbase (NASDAQ:COIN), sparking speculation of an impending sale. However, it remains unclear if the firm liquidated its holdings.
Despite initial panic selling, investors rushed to buy the dip, driving a strong recovery in both Ether and Bitcoin. Market sentiment improved as Trump extended the tariff deadline by 30 days, alleviating immediate economic concerns.
With renewed bullish momentum, Ether remains in focus as traders anticipate further upside. The crypto market continues to react to policy changes and institutional movements, highlighting its volatility and growth potential.
