Eric Trump's ETH Tweet Drops the Floor Out — Bulls Still Posting, Chart Still Falling 📉

Ethereum's price declined Friday after Eric Trump posted bullish commentary on $ETH, a move that did little to stem selling pressure across major pairs. The second son of U.S. President Donald Trump took to X to reiterate his conviction that $ETH remains undervalued relative to other large-cap digital assets, telling followers he was "all in" on Ethereum despite the day's red candles. $ETH was trading near $2,420, down roughly 2.4% over 24 hours, while $BTC held above $108,000 with a flatter 0.3% decline over the same window.

The post drew thousands of engagements within an hour but coincided with a broader rotation out of majors, as traders cited thin liquidity and fading momentum following the prior week's ETF inflows. On-chain data showed $ETH spot volume on centralized exchanges slipping to $11.6 billion, down from $14.2 billion the previous day, while futures open interest on $ETH derivatives fell 3.1% to $14.8 billion. Bitcoin dominance ticked up 0.4 points to 56.2%, suggesting capital consolidation back into $BTC rather than an outright risk-off move.

Eric Trump's crypto advocacy has drawn renewed attention as members of the Trump family expand their footprint in digital assets. World Liberty Financial, the Trump-linked DeFi venture, holds a multi-asset treasury that includes $ETH, $BTC, and stablecoins, according to disclosures on its website. The project has not publicly commented on the day's price action, and a spokesperson did not immediately return a request for comment.

Market participants pointed to competing narratives shaping sentiment. Robert Kiyosaki, author of "Rich Dad Poor Dad," said in a recent interview that he continues to expect $ETH to outperform $BTC over the next cycle, citing Ethereum's role in tokenization and stablecoin settlement. Anatoly Yakovenko, co-founder of Solana, also voiced support for the Ethereum Foundation's recent staff reductions, calling them a necessary step toward sharper execution. Neither comment moved spot prices during Friday's session.

Traders are watching the $2,400 support level for $ETH, with options desks reporting elevated put open interest at the $2,300 and $2,200 strikes expiring at the end of the month. Funding rates on perpetual futures turned slightly negative on Binance and Bybit, indicating a tilt toward short positioning. No major protocol upgrades or governance votes are scheduled on Ethereum mainnet in the next 72 hours, leaving macro flows and ETF tape as the primary catalysts heading into the weekend.