After falling to a low around $2,200 on early Monday morning, Ethereum (CRYPTO: ETH) is bouncing back, propelled by a bullish statement by Eric Trump. What Happened: The president’s son tweeted that it's a "great time to add ETH" on Monday,

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.

Ethereum soared from around $2,300 to over $2,900 in less than 24 hours, capping a wild ride three-day performance for the second most popular blockchain amid volatile crypto markets. The currency's latest roller coaster ride also coincides with ongoing drama among various Ethereum factions,

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.

Ether and top altcoins saw double-digit losses within an hour following U.S. President Donald Trump’s initial tariffs against imports from China, Canada, and Mexico. Ethereum fell 16% before recovering slightly,