Eric Trump wrote on X that “ETH is pumping hard! Great to see!” adding that “crypto is the future,” but the pump he was celebrating did not last: Ethereum was rejected at the $1,805-1,812 resistance zone and trades near $1,792 on July 12.
The post from the president’s son landed while Ethereum was pressing into overhead supply, and the market’s answer arrived quickly. ETH tagged $1,812, sellers absorbed the push, and price faded to an intraday low of $1,780 before stabilizing near $1,792, up a muted 0.28% at the time of writing. High-profile enthusiasm accompanied the move; it did not extend it. The resistance zone that capped the late-June recovery attempt held again.
ETH is pumping hard! Great to see!
Crypto is the future… pic.twitter.com/eROvMAqxlZ
— Eric Trump (@EricTrump) July 11, 2026
The pullback so far looks orderly rather than damaging. Ethereum remains above its falling 50-day SMA at $1,760, reclaimed earlier this month for the first time since the May breakdown, and the daily RSI near 57 shows cooling momentum without a bearish flip.
As seen on the chart, shared in X by the owner of Coindoo, the area to watch sits just below the current price, where the 50-day SMA converges with the 0.236 Fibonacci retracement of the June decline – around $1,730. As long as ETH holds that confluence on a daily-close basis, the bullish structure from the $1,505 low remains intact: a higher low, a reclaimed average, and a rejection that so far qualifies as a pause.
#Ethereum failed to break above the resistance zone.❌
Price was rejected and is now pulling back.📉
The key area to watch is the confluence of the 50-day SMA and the 0.236 Fib level, which could act as strong support.✅
As long as that level holds, the bullish structure… pic.twitter.com/KgtBIo9SoK
— Filip Vantchev (@FilipVantchev) July 12, 2026
A break below it opens the door to a deeper retracement. The first level under the band is the $1,700 shelf, and losing that exposes the $1,560 support that anchored the entire June base. On the upside, the invalidation of the rejection is equally clear: a daily close above $1,812 could put the $1,880 zone in play, with the 100-day average near $2,012 as the larger target.
Until one of those closes prints, the summary is short. Ethereum got an endorsement from inside the president’s family and a genuine push into resistance on the same day, and the sellers positioned at $1,812 outweighed both.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or legal advice.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP.
Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem.
To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem.
His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
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