Eric Trump has recently experienced a positive turn in his promotion of Ethereum, which has seen a significant rebound of nearly 35% from its previous low. Earlier this year, he faced criticism for endorsing Ethereum just before a sharp decline in its value.
However, following a notable increase in the crypto’s price, Eric took to social media to celebrate the recovery. He shared a popular “Mic Drop” GIF from the movie Despicable Me while resuming his earlier assertion that it was a good time to invest in Ethereum.
In February, when Eric made his initial call, Ethereum was valued at approximately $2,800. Unfortunately, the cryptocurrency plummeted to a low of $1,470 by April, marking its lowest point since November 2023.
Since then, Ethereum has rebounded impressively, now trading above $3,700, which represents a remarkable increase of over 155% from its April low, according to CoinGecko data.
The resurgence of Ethereum can be attributed to several factors, including rising institutional interest and corporate investments in the cryptocurrency.
