Eric Trump is once again cheering for Ethereum. The son of US President Donald Trump posted “ETH pumping hard” on X early Sunday as ETH climbed back above the psychologically important $1,800 mark, a level the asset had surrendered during the latest stretch of the market downturn.
Ethereum (ETH) is trading at $1,809.69, up 0.77% over the past 24 hours. The move lifts the second-largest cryptocurrency’s market capitalization to $218.39 billion, keeping it firmly in the number two spot behind Bitcoin.
The 24-hour chart shows how hard-fought the reclaim was. ETH rallied through Saturday evening and tested the $1,820 to $1,825 supply zone twice, but both attempts were rejected. A sharp flush followed in the early Asian hours of July 12, dragging the price to an intraday low near $1,783. Dip buyers absorbed the selloff quickly, and ETH grinded back above $1,800 into the morning session.
Volume, however, tells a more cautious story. Spot turnover over the past 24 hours fell 11.69% to $7.31 billion, translating to a volume-to-market-cap ratio of just 3.36%. Recoveries built on shrinking participation tend to be fragile, and bulls will want to see volume expanding on green candles before calling this a trend change.
From a levels perspective, $1,820 to $1,825 remains the immediate resistance to clear, while $1,783 now acts as short-term support, with the $1,750 region next in line if it fails. Notably, all 120.68 million ETH are already in circulation, and the fully diluted valuation matches the market cap, indicating no unlock overhang. From here, price direction is purely a demand story.
Eric Trump’s Long History With ETH Calls
Sunday’s post is only the latest chapter in a well-documented saga. Trump’s most famous call came on February 3, 2025, when he told followers it was “a great time to add $ETH” with the token trading near $2,900, a post that initially sparked a 25% jump in ETH before markets rolled over.
The call aged badly at first. By April 2025, ETH was down 53% from its endorsement, sliding to around $1,550, and critics such as tech investor Chris Bakke ridiculed the recommendation as retail losses piled up. The tables turned later that year when ETH ripped to $4,800 by August, and Trump took repeated victory laps, doubling down with posts urging followers to buy the dips in BTC and ETH.
The family also has direct skin in the game. World Liberty Financial, the DeFi venture co-founded by Eric Trump alongside his brothers, holds a treasury heavily weighted toward ETH and was accumulating Ethereum at prices as high as $4,670 in August 2025. And Trump’s broader conviction has not wavered: at Consensus Miami this May, he declared the US would “win it decisively” in the global crypto race, pointing to ETFs, bank adoption, and retirement flows.
That enthusiasm continues to draw scrutiny, given that Trump-linked ventures reportedly earned about $1.2 billion from crypto in 2025 while many retail buyers of those projects nursed losses.
For now, the burden of proof sits with the bulls. A weekly close above $1,800 backed by rising volume would validate the excitement in Eric Trump’s post. Another rejection at $1,825 would hand the momentum and the microphone straight back to the bears.
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