Ethereum: The Rollercoaster Ride You Didn’t Sign Up For! 🎢💸

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So, Ethereum, huh? Just when you think it’s down for the count, it pulls a Houdini and bounces back. I mean, who knew a little thing like a brutal sell-off could clear out the weaklings? But now, with new tariffs, whale moves, and network upgrades, is Ethereum really gearing up for a bullish 2025? Or is it just a mirage? 🤔

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Diplomatic talks spark ETH recovery

Ethereum’s price took a nosedive to $2,150 on Feb. 3. I mean, come on! The lowest it’s been since September 2024! All thanks to those lovely new U.S. tariffs that kicked in on Feb. 1. Nothing like a little economic uncertainty to ruin your day, right?

So, what happens next? Oh, just a little diplomatic chit-chat. Canadian Prime Minister Justin Trudeau hops on X and says he had a chat with Donald Trump. They decided to hit the pause button on tariffs for 30 days. Because, you know, that’s how international relations work—just a little pause and everything’s fine! 🙄

I just had a good call with President Trump. Canada is implementing our $1.3 billion border plan — reinforcing the border with new choppers, technology and personnel, enhanced coordination with our American partners, and increased resources to stop the flow of fentanyl. Nearly…

— Justin Trudeau (@JustinTrudeau) February 3, 2025

And Mexico? They’re doing the same dance. President Claudia Sheinbaum says, “Hey, let’s put those tariffs on hold too!” Because why not? Let’s just keep the party going!

After all this diplomatic nonsense, Ethereum’s price bounces back to $2,700. It’s like watching a bad rom-com where the couple keeps breaking up and getting back together. At one point, it even touched $2,900! And then Eric Trump jumps in with his hot take: “In my opinion, it’s a great time to add $ETH.” Wow, thanks for the tip, Eric! 🙄

In my opinion, it’s a great time to add $ETH.

— Eric Trump (@EricTrump) February 3, 2025

Meanwhile, World Liberty Financial, a DeFi project linked to the Trump family, moves a whopping $307.41 million to Coinbase Prime. Because, you know, why not throw around a few hundred million like it’s pocket change?

World Liberty Financial (@worldlibertyfi) moved $307.41M in 8 assets to #CoinbasePrime 6 hours ago—as part of treasury management and business operations.

Shortly after, the project unstaked 19,423 $stETH to $ETH and further spent 5M $USDC to buy 1,826 $ETH at $2,738.…

— Spot On Chain (@spotonchain) February 4, 2025

And just when you think it can’t get any crazier, Fidelity swoops in and buys $49.75 million worth of Ethereum. Because, of course, they want a piece of this rollercoaster ride too!

JUST IN: Fidelity buys $49.75M worth of Ethereum.

— Whale Insider (@WhaleInsider) February 4, 2025

But hold your horses! Despite all this buying frenzy, ETH is still down 15% over the past week and a staggering 45% below its all-time high of $4,890. So, what’s really going on in Ethereum’s world? Let’s dig deeper.

Ethereum ecosystem updates

Ethereum is trying to get its act together with some critical changes for scalability and transaction efficiency. You know, the usual stuff.

Gas limit increase and scalability improvements

On Feb. 3, validators finally decided to raise Ethereum’s gas limit for the first time since 2021. It’s like they finally woke up and realized they needed to do something! The limit went from

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2025-02-05 02:35