The sudden rise comes barely 24 hours after the price of Ethereum plunged and was aided by a plug from the president’s son.

Ethereum hit $2,900 after US President Donald Trump’s son Eric Trump said Ether was a good buy and Donald Trump put a temporary halt on Mexico and Canada tarrifs.

Eric Trump's public endorsement and World Liberty Financial's $5 million Ethereum purchase, combined with President Trump's tariff pause announcement, catalyzed a price recovery from $2,300 to $2,900,

Considering institutional accumulation, increased whale activity, and strengthening investor sentiment, DeepSeek AI projects Ethereum to reach between $3,500 and $3,800 within the next one to three months.

Eric Trump publicly suggested it's a "great time" to invest in Ether, as the family crypto venture moved its Ether holdings.

Eric Trump promoted Ethereum on X Monday, drawing criticism from prominent Bitcoin maximalists hours after World Liberty Financial, the DeFi project that the Trump family is closely involved in, moved over $100 million worth of $ETH to Coinbase.