ETH price falls after Eric Trump comments on its rise

The price of Ethereum (ETH) has fallen after Eric Trump, son of U.S. President Donald Trump, commented on its strong performance. Around 10:00 p.m. UTC on July 11, Eric Trump posted on X, stating that ETH was rising incredibly and that cryptocurrency is the future. He attached an ETH/BTC price chart at a time when ETH was trading around $1,820. Following the post, ETH dropped to approximately $1,780 around 12:00 a.m. UTC on July 12. While the price has since rebounded, it has not recovered to its pre-post level. According to CoinMarketCap, ETH is trading at $1,804.17, down 0.39% over the past 24 hours.