Ethereum Skyrockets Post-Trump Endorsement: How Eric’s February Buy Call Fueled the Rally

When Eric Trump tweeted his bullish take on Ethereum back in February, few expected the market to actually listen. Yet here we are—ETH defied the skeptics and staged a fierce recovery.

The Trump Effect: More Than Hot Air?

Celebrity crypto endorsements usually evaporate faster than a memecoin’s liquidity. But this time, the market bit—hard. Ethereum clawed back double-digits within weeks, proving even political dynasties can move digital asset needles.

Wall Street’s FOMO Moment

Traditional finance scoffed… until their clients demanded ETH exposure. Nothing sharpens a banker’s crypto curiosity like seeing commissions walk out the door.

The cynical take? This rally says more about our herd mentality than blockchain fundamentals. But try telling that to traders booking profits while the SEC still drafts its ‘how to regulate this’ PowerPoint.

Eric Trump Called Ethereum a Buy—What Happened Next?

Back on February 4, Eric Trump posted on social media that it was a “great time” to buy Ethereum, the second-largest cryptocurrency by market cap. However, his timing coincided with a rocky period for the crypto market.

Just a day before his tweet, Ethereum had dropped almost 18% to $2,544, due to a wave of liquidations caused by overleveraged long positions. The market was shaken further by growing macroeconomic concerns, including uncertainty surrounding Trump administration tariffs.

Despite the turbulent backdrop, Eric Trump’s confidence in ETH sparked debate among investors. Many questioned whether the market had bottomed—or if more downside was ahead.

ETH Price Crashes to $1,470 in April

Following Eric Trump’s bullish statement, Ethereum continued to decline through March and April, eventually bottoming out NEAR $1,470. That represented a massive 37% drop from its February levels.

The crash was triggered by a mix of high inflation, global uncertainty, and tariff-related fears. In early April, President Donald Trump’s administration implemented tariffs on Chinese imports, which further spooked markets and caused a sell-off across both crypto and traditional assets.

Analysts at the time called it a “miserable run,” as the sentiment in the crypto market hit a low point. Swyftx analyst Pav Hundal noted that investor mood desperately needed “a circuit breaker.”

Short-Lived Rallies on Policy Shifts

There were brief rallies along the way. On February 5, for example, Donald TRUMP paused proposed tariffs against Canada. This temporary move helped spark a double-digit bounce in Ethereum and other top crypto assets.

However, these positive moves were short-lived, as global trade tensions soon escalated again. Ethereum’s price remained trapped under downward pressure for the next several weeks.

Ethereum Finds Strength in May Recovery

By May, Ethereum finally began showing signs of recovery. A key catalyst was the Pectra Upgrade, a major network improvement designed to boost efficiency and usability. This upgrade helped renew investor confidence and sparked a return of buying momentum.

ETH climbed back above $2,700, breaking past key resistance levels. But even with the upgrade, the network remained quiet in terms of activity, and ETH’s price didn’t immediately surge. The cryptocurrency hovered around $2,800 for most of June, still below its February peak.

ETH Crosses Eric Trump’s Buy Level After 5 Months

It wasn’t until early July that Ethereum finally broke and held above the price level at which Eric Trump had called it a buy. By July 9, Ethereum was trading at around $2,962, up roughly 2.9% from where it was when Eric tweeted.

While that’s not a huge return over five months, it marks a key psychological milestone. After months of volatility, ethereum price finally crossed back into the green for early 2025 investors.

Bitcoin’s Breakout Fuels ETH Momentum

Another factor in Ethereum’s rise was Bitcoin’s surge to a new all-time high, which recently topped $112,000. As often happens in crypto markets, Ethereum followed Bitcoin’s lead, gaining more than 6% in a single day.

This positive momentum helped ETH get closer to the important $3,000 resistance level, which it hadn’t reached since early this year.

Early ETH Investor Moves $2.2M After 10 Years

Amid this rally, blockchain watchers noticed another interesting event. A wallet that had been dormant for nearly a decade suddenly moved 900 ETH, worth $2.2 million, this week.

These were “genesis coins”—Ethereum tokens created in 2015 during the earliest days of the project. The holder had received them when ETH was trading under 50 cents, showing the long-term potential of early investments in the space.

Outlook: Will Ethereum Keep Rising?

Ethereum’s recovery shows how quickly fortunes can change in the crypto world. From a 37% loss to a full rebound, ETH has shown resilience amid macro uncertainty, tariff-driven volatility, and network updates.

With Bitcoin leading the way and interest in ETH gaining again, many traders are wondering whether the Ethereum price could finally break and hold above $3,000.

For now, Eric Trump’s February tweet is no longer underwater. And those who followed his advice are finally—after months of holding—back in the green.