Ethereum (ETH) hovered near the $1,800 mark on Sunday, bringing renewed attention from Eric Trump, who posted, “ETH pumping hard” on X formerly (Twitter). Market watchers had been waiting to see whether Ethereum could regain ground after losing support during a recent market decline.
Trading activity showed a sharp recovery during Saturday evening as Ethereum pushed higher to $1,827 price level. Selling pressure stopped both advances, leading to a quick drop during early Asian trading on July 12.
Even with price recovery, trading activity remained weaker than in earlier sessions. Spot trading volume during the past 24 hours fell 2.77%. Volume compared with market value stood at 3.36%, a figure showing lower participation during recovery.
Eric Trump Reiterates Ethereum Support
Resistance remains concentrated between $1,820 and $1,825 after sellers rejected two separate attempts to break higher. Support has shifted toward $1,783 following recovery from Sunday’s low. If selling pressure returns, market attention could turn toward $1,750 as the next support area.
Ethereum also has no remaining token supply waiting for release. All 120.68 million ETH are already in circulation, leaving market demand as the main factor behind future price movement. Fully diluted valuation matches current market capitalization because no additional supply remains to enter circulation.
Eric Trump has commented on Ethereum several times during recent years. One of the most closely watched posts came on February 3, 2025, when he wrote it was “a great time to add $ETH” while ETH traded near $2,900.
The ETH price climbed about 25% after the message before reversing during later market weakness. Performance after February created mixed reactions. By April 2025, the ETH price had dropped about 53% after Eric Trump’s endorsement, falling to near $1,550.
Ethereum Rally Revived Earlier Predictions
Market direction changed later during 2025. Ethereum climbed to about $4,800 by August, giving fresh attention to earlier comments. Eric Trump later repeated support for both Bitcoin and Ethereum while encouraging investors to buy during market declines.
Family involvement extends beyond public comments. World Liberty Financial, a decentralized finance business co-founded by Eric Trump and his brothers, built a treasury with heavy exposure to Ethereum. The company continued buying Ethereum at prices reaching as high as $4,670 during August 2025.
