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- Eric Trump praised Ethereum’s rebound as ETH climbed back above the important $1,800 level.
- While buyers have regained momentum, declining trading volume suggests the recovery still faces a major test.
- Analysts are watching the $1,820-$1,825 resistance zone, with a breakout potentially setting the stage for further gains.
Ethereum has climbed back above one of its most closely watched price levels, and Eric Trump wasted little time reacting.
Early Sunday, the son of U.S. President Donald Trump posted “ETH pumping hard” on X after Ethereum reclaimed the psychologically important $1,800 mark. The move comes after weeks of market weakness that briefly pushed the world’s second-largest cryptocurrency below that level.
At the time of writing, ETH was trading around $1,810, posting a modest gain over the previous 24 hours while maintaining a market capitalization above $218 billion. Even after the recent volatility, Ethereum remains firmly behind Bitcoin as the second-largest digital asset by market value.
Ethereum Reclaims $1,800, but Resistance Still Holds
The road back above $1,800 wasn’t exactly smooth.
Ethereum rallied throughout Saturday before running into heavy selling pressure between $1,820 and $1,825. Buyers attempted to break through that resistance twice, and both attempts were rejected.
During the early Asian trading session on July 12, sellers briefly forced ETH down to roughly $1,783. That decline didn’t last long.
Dip buyers quickly stepped in, absorbing the selling pressure and pushing Ethereum back above the $1,800 threshold before the morning session gathered pace. It was a solid recovery… but not a decisive victory just yet.
Trading Volume Raises a Few Questions
Price wasn’t the only thing traders were watching.
Spot trading volume actually declined by nearly 12% over the past 24 hours, falling to approximately $7.3 billion. That left Ethereum’s volume-to-market-cap ratio sitting at just 3.36%.
Lower volume during a price recovery isn’t necessarily bearish, but it can signal weaker conviction behind the move.
In other words, bulls would likely prefer to see stronger participation accompany higher prices before declaring that a sustainable uptrend has returned. Without that confirmation, rallies can lose momentum surprisingly fast.
The Next Levels Could Decide Ethereum’s Direction
Technically, Ethereum now finds itself at an important crossroads.
The $1,820 to $1,825 area remains the first major obstacle buyers need to overcome. A convincing move above that range would strengthen the bullish case and could encourage additional buying momentum.
On the downside, the recent low near $1,783 has become immediate support. If that level fails to hold, traders will likely turn their attention toward the $1,750 region as the next significant demand zone.
One interesting factor working in Ethereum’s favor is its supply dynamics.
All 120.68 million ETH are already circulating, meaning there are no future token unlocks waiting to increase supply. That shifts the market’s focus almost entirely toward demand, making investor sentiment and capital inflows even more important in determining price direction.
Eric Trump Has Been Backing Ethereum for Months
This isn’t the first time Eric Trump has publicly supported Ethereum.
One of his most talked-about endorsements came in February 2025, when he told followers it was “a great time to add $ETH” while the cryptocurrency traded near $2,900.
Initially, the market responded positively, with Ethereum rallying roughly 25%. That optimism faded as broader market conditions weakened, eventually dragging ETH down more than 50% from the level where Trump made his call.
Critics were quick to point out the decline.
But the story didn’t end there.
Later that year, Ethereum staged a dramatic recovery, eventually climbing toward $4,800. Trump responded by doubling down on his bullish outlook, encouraging investors to continue buying both Bitcoin and Ethereum during market pullbacks.
Family Crypto Ties Continue to Draw Attention
The Trump family’s interest in Ethereum extends well beyond social media posts.
World Liberty Financial, the decentralized finance venture co-founded by Eric Trump and his brothers, reportedly maintains a treasury with significant Ethereum exposure. The project accumulated ETH even while prices traded well above current levels, signaling a longer-term commitment to the asset.
More broadly, Trump has repeatedly argued that the United States should lead the global cryptocurrency industry, pointing to developments such as spot ETFs, increasing bank adoption, and growing institutional participation.
Still, that enthusiasm hasn’t escaped criticism.
Some observers have questioned the financial success of Trump-linked crypto ventures, particularly as portions of the retail market experienced significant losses during periods of heightened volatility.
For now, Ethereum’s chart may matter more than the headlines.
A strong weekly close above $1,800, supported by rising trading volume, would give bulls something tangible to build on. But if sellers defend the $1,825 resistance zone once again, short-term momentum could shift back in favor of the bears.
Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
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