Ethereum exhibited a gradual rise after a turbulent five-month spell, despite Eric Trump’s advice to consider purchasing ETH. He first advised buying ETH back in early February when Ethereum was fluctuating at about $2,870 as part of a wider digital asset correction.
In the run-up to his announcement, Ethereum had slumped dramatically by nearly 18 percent, down near the $2,544 level. Falls were brought about by frenzied liquidation of long positions, as well as increasing inflation and trade policy concerns.
Soon after, U.S. President Donald Trump announced a temporary delay of intended tariffs against Canada, which provided a boost to crypto sentiment momentarily. The information of a delay helped propel a temporary upward surge through significant cryptocurrencies like Ethereum and Bitcoin.
Ethereum fell to nearly $1,500 in March-April due to weak macroeconomic signals and ongoing market instability. Donald Trump’s addition of Chinese tariffs in April pushed the pendulum further, as Ethereum stayed in the red.
Ethereum nears $3,000 with daily surge
Despite these challenges, Ethereum began recovering in May after the Pectra Upgrade reignited confidence and pushed the price past $2,700. However, the network activity stayed quiet, and the price hovered around $2,800 throughout June without further breakout momentum.
A rare incident ensued during the month when 900 ETH, which were acquired back then at less than $0.50, were transferred by an investor of 2015. Those genesis coins, which were valued at about $2.2 million, signaled optimism in the long-term potential of Ethereum.
The rally continued with a 6.2 percent daily increase as Ethereum approached the $3,000 mark on July 9. That mark was a 2.9 percent gain compared with the level when Eric Trump first made the prediction back in February.
As a follow-up action, the Trump Media and Technology Group registered to provide a Crypto Blue Chip ETF made up of Ethereum, Bitcoin, Solana, XRP, and Cronos. The ETF proposal reflects political and financial interest in major cryptocurrencies beyond the near-term trading cycles.
Now, Ethereum is in a relatively better position than the 2025 first-half collapse. Though the market continues to be cautious, Ethereum has shown signs of a resurgence, and measured investor sentiment is returning to the realm of virtual currencies.
