Eric Trump is cheering Ether’s price surge just five months after publicly urging followers to buy the asset. As ETH crossed $3,800 this week, the U.S. President’s son took to X to respond to critics who mocked his timing earlier this year.
“How am I doing now @TedPillows?” Trump wrote on Monday, quoting a post from April where OKX executive Ted Pillows had criticized his February ETH endorsement. Trump doubled down in his response: “Up 35% in 5 months, Pal. Embrace volatility.” He also reminded other critics that he had encouraged buying the dips.
Trump’s February 4 endorsement came when ETH was trading around $2,877, according to CoinGecko. While the asset did suffer a steep drawdown shortly after — falling nearly 49% over four weeks — long-term holders who followed Trump’s advice are now sitting on unrealized gains of over 30%, with ETH trading near $3,732 at the time of reporting.
Despite short-term volatility, Ether remains 12% up year-to-date. Some analysts are bullish on its long-term potential.In a recent tweet, technical analyst Gert van Lagen stated that Ethereum is poised to complete its 2019–2025 bull market with a textbook Expanding Diagonal as Wave v of an Elliott Wave structure. He described the current price action as part of a final surge phase, resembling the Dow Jones structure from the 1980s, and suggested that a blow-off top could follow in the final wave.
Trump family’s deepening crypto ties
Eric Trump’s renewed ETH confidence highlights the Trump family’s expanding crypto footprint. Former President Donald Trump’s media firm, Trump Media & Technology Group, revealed this week that it holds $2 billion in Bitcoin and BTC-related securities, with plans to expand holdings depending on market conditions.
The Trump sons are also co-founders of American Bitcoin, which has raised $220 million from institutional investors for Bitcoin accumulation and mining infrastructure. Additionally, Donald Jr., Eric, and their half-brother Barron are all co-founders of World Liberty Financial, a firm positioned to capitalize on crypto finance.