Ethereum is trading around $1,816, up 4.30% on the day, and breaking out of an 11-month downtrend against Bitcoin on the weekly chart. ETF inflows have returned after eight consecutive weeks of outflows. The technicals are improving and Eric Trump just said ETH is pumping hard.
That last point is making some traders uncomfortable.
Analyst Ash Crypto flagged a bullish RSI crossover on the ETH/BTC weekly chart, confirming a breakout from a downtrend that has persisted for nearly a year. The signal is important because ETH/BTC ratio moves tend to precede broader Ethereum price action.
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The ETF data adds weight to the technical picture. After eight straight weeks of net outflows, Ethereum spot ETFs recorded a net inflow of $84.42 million last week, ending the bleeding. BlackRock’s ETHA led the inflows with $53.74 million, bringing its total historical net inflow to $11.18 billion. Fidelity’s FETH added $37.47 million.
On the derivatives side, Coinglass data shows $603 million in short liquidations would be triggered if ETH breaks above $1,865, a level only $50 away from current prices. If that level breaks, the forced buying from short squeezes could accelerate the move significantly. On the downside, $1,705 would trigger $362 million in long liquidations.
The broader narrative has one complicating factor. Eric Trump posted that ETH is pumping hard and that crypto is the future, drawing immediate reactions from traders who track his record on Ethereum calls.
In February 2025, Trump said it was a great time to add ETH. Ethereum subsequently fell 51%. In August 2025, he celebrated ETH shorts getting liquidated and told traders to stop betting against BTC and ETH. Another 62% collapse followed.
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Crypto Rover summarised the concern and said every time Eric Trump turns bullish on ETH, disaster follows. Now he is bullish again.
The honest answer is that nobody knows whether the Eric Trump contrarian indicator will trigger a third time. What is clear is that the underlying data is more constructive now than it was during either of his previous two calls. Eight weeks of ETF outflows have reversed. The weekly RSI crossover on ETH/BTC is confirmed. Short liquidation pressure above $1,865 creates a technical incentive for a squeeze.
Whether that setup holds or gets interrupted by the pattern Trump’s cheerleading has historically preceded is the question Ethereum traders are watching closely heading into the week.
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