Eric Trump tweets support for Ethereum amid price rally

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

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

This follows his earlier activity on Monday when Ethereum surpassed $3,800 during its month-long rally. At that time, Trump addressed previous critics of his cryptocurrency investments, writing "How am I doing now @TedPillows?" - a response to Ted Pillows, a partner at crypto exchange OKX who had mocked Trump in April after Ethereum’s price declined in February and March.

Trump also defended cryptocurrency market fluctuations in his Monday posts, telling another user who had criticized him over Ether’s earlier market dip: "Up 35% in 5 months, Pal. Embrace volatility."

Ethereum was trading at $3,725 at the time of reporting.

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