Eric Trump's Tweet Ethereum caused a rally, will Bitcoin continue?

Eric Trump's Tweet ethereum Tweet lined up with one of the greatest reversals in months. Now, it's using bitcoin, does this call mean something?

Eric Trump's last comment about bitcoin (btc) has caused a talk, although its immediate impact on the market seems to be limited.

On February 6, he took x, publishing: “It feels like a good time to enter #btc!” The comment briefly pushed bitcoin beyond $ 98,000 before resolving it to around $ 97,650, which reflects only a modest wip per hour at the time of writing.

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https://twitter.com/erictrump/status/1887315608381108271

The reaction contrasts with what happened only a few days before, when Eric Trump's tweet about ethereum (eth) coincided with a dramatic market change.

On February 1, ethereum was already fighting after President Donald Trump's announcement triggered a massive sale throughout the market. For February 3, ethereum had been crazy, sinking 37 percent since its recent maximum on January 31, marking one of its most acute drops in recent history.

Then came the February 4 publication by Eric Trump: “It's a good time to add eth.”

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Within 18 hours after the arrival of its lowest point, ethereum had recovered more than 35%, shooting around $ 2,300 to more than $ 2,900 in less than a day. ethereum has stabilized since then, quoting around $ 2,830 as of February 6.

Although the correlation does not imply causality, the rapid price changes after their previous tweet have led some merchants to pay more attention to their market calls.

bitcoin, who has seen a strong demonstration in recent months, remains in a completely different market structure than ethereum at the time of Eric Trump's comments. While his ethereum tweet coincided with a market fund and extreme overall conditions, bitcoin has been negotiating near the records, leaving less space for sudden change.

Merchants looking for history to repeat can have to wait a little longer to see if this tweet has the same type of weight.