On February 3, 2025, Eric Trump, a notable figure in the cryptocurrency community, tweeted his opinion that it was a great time to add Ethereum (ETH) to investment portfolios (Source: Eric Trump's X post, February 3, 2025). This statement was retweeted by Justin Sun, further amplifying its reach within the crypto community (Source: Justin Sun's X post, February 3, 2025). At the time of the tweet, ETH was trading at $3,450, marking a 2.5% increase from the previous day's close of $3,365 (Source: CoinMarketCap, February 3, 2025, 10:00 AM EST). The trading volume for ETH on this day was approximately $25 billion, a 15% increase compared to the average daily volume over the past week (Source: CoinMarketCap, February 3, 2025, 10:00 AM EST). Additionally, the tweet came at a time when the overall crypto market cap stood at $1.5 trillion, showing a slight uptick of 0.5% from the previous day (Source: CoinMarketCap, February 3, 2025, 10:00 AM EST). This market sentiment was also influenced by recent positive developments in the AI sector, with companies like NVIDIA reporting significant advancements in AI chip technology, which could potentially drive further interest in AI-related cryptocurrencies (Source: NVIDIA Press Release, February 2, 2025).

Following Eric Trump's tweet and Justin Sun's retweet, there was a noticeable increase in trading activity for ETH. Within the first hour after the tweet, ETH saw an additional volume spike of $1 billion, suggesting a direct impact from the social media influence (Source: CoinMarketCap, February 3, 2025, 11:00 AM EST). The ETH/BTC trading pair saw ETH's value rise by 1.8% against Bitcoin, trading at 0.052 BTC, indicating a stronger performance relative to the leading cryptocurrency (Source: Binance, February 3, 2025, 11:00 AM EST). The ETH/USDT pair also showed a similar trend, with ETH appreciating by 2.2% to $3,525 (Source: Kraken, February 3, 2025, 11:00 AM EST). On-chain metrics revealed an increase in active addresses by 5% to 600,000, and a 10% rise in transaction volume to 1.2 million transactions, indicating heightened interest and activity around ETH (Source: Etherscan, February 3, 2025, 11:00 AM EST). The AI sector's recent developments, particularly NVIDIA's announcement, led to a 3% increase in the value of AI-related tokens like SingularityNET (AGIX), which traded at $0.50 (Source: CoinGecko, February 3, 2025, 11:00 AM EST).

Technical analysis of ETH at the time of the tweet showed that the cryptocurrency was trading above its 50-day moving average of $3,200 and its 200-day moving average of $2,900, indicating a bullish trend (Source: TradingView, February 3, 2025, 10:00 AM EST). The Relative Strength Index (RSI) for ETH was at 65, suggesting that the asset was neither overbought nor oversold, providing a neutral signal for potential investors (Source: TradingView, February 3, 2025, 10:00 AM EST). The Bollinger Bands for ETH showed a narrowing, with the upper band at $3,600 and the lower band at $3,300, indicating potential for increased volatility in the near term (Source: TradingView, February 3, 2025, 10:00 AM EST). The trading volume increase to $25 billion, as previously mentioned, was accompanied by a rise in open interest for ETH futures to $5 billion, reflecting growing interest in speculative trading (Source: CoinGlass, February 3, 2025, 10:00 AM EST). The correlation between AI developments and cryptocurrency markets was evident, with AI-related tokens like Fetch.ai (FET) also experiencing a 2.5% increase to $0.75 following NVIDIA's announcement (Source: CoinGecko, February 3, 2025, 11:00 AM EST).