Ethereum reaches all-time high volume of $38B as Eric Trump voices bullish sentiment

Key Takeaways

Ethereum ( $1,979.49 ) reached a record daily spot trading volume of $38 billion.
Eric Trump publicly expressed optimism about Ethereum ( $1,979.49 ) ’s investment potential.

Share this article

Ethereum ( $1,979.49 ) reached a record $38 billion in daily spot trading volume, while Bitcoin ( $84,494.00 ) logged its third-highest volume at $49 billion, according to David Lawant, Head of Research at FalconX.

Unsurprising but for the record:

ETH hits an all-time high spot volume of $38b yesterday, while BTC notches its third-highest at $49b pic.twitter.com/KiL8H9VPE6

— David Lawant (@dlawant) February 4, 2025

The surge in trading activity coincided with a volatile price movement for Ethereum ( $1,979.49 ) , which dropped to an intraday low of $2,152 before recovering to $2,919.

Eric Trump, son of the current US president, expressed optimism about Ethereum ( $1,979.49 ) on social media, 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 assets aligns with broader market dynamics.

While Ethereum ( $1,979.49 ) set a new all-time high in spot trading volume, Bitcoin ( $84,494.00 ) ’s activity remained below its historical peak.

The chart, tracking trusted spot exchange volumes from 2017 to February 2025, highlights these movements.

Ethereum ( $1,979.49 ) ’s recent surge stands out as it surpasses its previous records, reflecting heightened interest from investors and traders.

Bitcoin ( $84,494.00 ) ’s volume, although substantial, stayed within familiar ranges, suggesting steady demand rather than a major breakout event.

This divergence emphasizes Ethereum ( $1,979.49 ) ’s growing role in the market as a focus of speculative activity during periods of increased volatility.

In November, Ethereum ( $1,979.49 ) ’s onchain volume soared to $7.1 billion amid a market uptick, the highest in 2024, fueled by significant ETF inflows and a US electoral outcome.

Yesterdays Eric Trump’s positive bull-post on Ethereum ( $1,979.49 ) coincided with World Liberty Finance transferring significant ETH amounts to Coinbase.

Share this article

Source