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

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.

Trump's son has posted on X that this is a “great time to buy ETH” after his Decentralized Finance (DeFi) company purchased $10 million worth of the asset.

Ether rebounded to above $2,900 after US President Donald Trump placed a halt on tariffs aimed at Canada and Mexico, while his son, Eric Trump, told his 5.4 million X followers that “it’s a great time to add ETH.

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