Sentiment towards Ethereum's ether (ETH) has sunk to depressed levels in recent times, but the latest maneuver of President Donald Trump-related crypto platform could spur hope for a reversal.

Deribit-listed options show a persistent bullish outlook for bitcoin relative to ether, following President Donald Trump's omission of any crypto mention in his inaugural speech on Monday.

The Donald Trump-backed crypto project World Liberty Financial has snapped up millions of dollars worth of Ether as the token has seen a slight uptick in strength against Bitcoin. World Liberty ...

Earlier, it surged nearly 23%. Ether fell more than 6%. The moves began late Friday after a new meme coin announced on Trump's social media accounts and issued on the Solana blockchain.