$ETH

Eric Trump Tweets Support for Ethereum

Eric Trump, son of U.S. President Donald Trump, expressed his support for Ethereum (ETH) on the social media platform X, responding to a post suggesting that the cryptocurrency should be traded above $8,000 based on global liquidity and M2 supply growth.

"Agreed! $ETH," Eric Trump tweeted in response to the price prediction.

This move follows his earlier action on Monday when Ethereum surpassed the $3,800 mark in a month-long price rally. At that time, Trump responded to previous criticism about his cryptocurrency investment, writing "What am I doing @TedPillows?" - a reply to Ted Pillows, a partner at cryptocurrency exchange OKX, who mocked Trump in April after the price of Ethereum fell in February and March.

Trump also defended the volatility of the cryptocurrency market in his post on Monday, telling another user who had criticized him about the previous decline in Ether's market: "Up 35% in 5 months, buddy. Embrace the volatility.