If You Bought Ethereum When Eric Trump Said So, You’re Finally in the Green

In brief

Ethereum’s price crashed to as low as $1,470 in April, following a wave of liquidations and geopolitical pressures.
Trade policy shifts have triggered sharp swings across crypto throughout the year.
Ethereum now trades just a smidge below $3,000 following a five-month long recovery.

If you followed Eric Trump’s advice earlier this year to add Ethereum to your portfolio, that position is finally paying off.

“In my opinion, it’s a great time to add $ETH,” Trump tweeted at the time.

Looking at Ethereum from February 4, when Trump first made the call, to July 9, the second-largest crypto has endured a rollercoaster run.

Ethereum experienced significant declines throughout March and April, bottoming out near $1,500 as pessimism and broader geopolitical factors dominated the market.

Still, if you had followed his advice, your investment would be up by around 2.9%—estimated between the $2,870 level at the time of Trump’s tweet and Thursday’s price of $2,962, per CoinGecko data.

Price swings began a day before Trump’s tweet, when Ethereum dropped nearly 18% to $2,544 amid a frenzy of liquidations triggered by a significant wipeout of overleveraged long positions.

That drop was compounded by rising macroeconomic uncertainty stemming from President Donald Trump’s tariffs, as well as broader concerns about inflation and central bank jitters.

Roughly 24 hours later, Donald Trump announced a temporary pause on proposed tariffs against Canada, triggering a short-lived resurgence.

The market interpreted the move as a sign of easing trade tensions, which helped fuel a double-digit rally across other major cryptos.

But the broader downtrend continued well into March, with analysts calling it a “miserable run.” The markets needed “a circuit breaker on sentiment,” Pav Hundal, lead market analyst at Swyftx, told Decrypt at the time.

By the first week of April, tariffs imposed on China by Eric’s dad had taken effect, triggering a broader global tariff shakeout that sent Ethereum, along with Bitcoin and other crypto assets, into weeks of intense volatility.

May brought in a powerful reversal, with Ethereum surging back above $2,700 as buyers returned with fresh enthusiasm after the Pectra Upgrade.

Yet a month after, Ethereum’s price remained stuck near $2,800, roughly flat compared to pre-upgrade levels, despite the significance of the rollout. While the upgrade improved functionality, it did not spark a breakout and network activity remained subdued.

By late June, Ethereum had stabilized to a healthier position than its April lows, though it remained below its February peaks. It was the first time since Trump’s tweet that Ethereum broke and held above the level, according to CoinGecko data.

At the time of writing, Ethereum is closing in on the $3,000 level, having gained 6.2% on the day, mainly driven by momentum from Bitcoin’s latest breakout to a new all-time high.