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

Ethereum had to deal with heavy blows after Donald Trump announced his import duties against Canada, Mexico and China. The Vitalik Buterin project fell by almost 40% after the announcement

Eric Trump's recent Bitcoin endorsement caused a modest price increase to $98,000, following his earlier Ethereum tweet that coincided with a 35% price recovery, while Trump-linked World Liberty Financial relocated its crypto holdings to Coinbase amid a 90% portfolio value decline.

Ethereum hit $2,900 after US President Donald Trump’s son Eric Trump said Ether was a good buy and Donald Trump put a temporary halt on Mexico and Canada tarrifs.

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.