Ethereum price down almost 50% since Eric Trump's 'add ETH' endorsement

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Ethereum’s autochthonal token, Ether (ETH) has mislaid astir fractional its worth 2 months aft Eric Trump, lad of US President Donald Trump, told his 5.7 cardinal followers that it was a “great time” to adhd the biggest altcoin to their portfolios.

President Trump spoils son’s bullish ETH outlook

As of March 31, Ether was trading for arsenic debased arsenic $1,820, down astir 40% since Eric Trump’s bullish tweet.

Markets, Donald Trump, Tech Analysis, Market Analysis, Ether Price, Ethereum Price

Meanwhile, Ether’s crypto marketplace stock has plunged from 10.28% astatine the clip of Eric Trump’s X station to 8.39% arsenic of March 31, the lowest since 2020.

A bid of marketplace headwinds blindsided traders pursuing Eric Trump’s comment.

For instance, connected Feb. 21, Bybit, a salient cryptocurrency exchange, suffered a large information breach successful which it mislaid astir $1.5 cardinal successful Ether, marking the largest cryptocurrency heist to date.

President Trump’s escalating tariff war against Canada, Mexico, and China also intensified selling crossed Ethereum and the broader crypto market. His 25% tariffs connected car imports, which are acceptable to spell unrecorded connected April 3, are further dampening hazard sentiment.

Michaël van de Poppe, the co-founder of crypto portfolio absorption steadfast MN Consultancy, doubted an Ether terms rebound successful the coming days, adding that the markets should expect an ETH bottommost erstwhile golden terms peaks.

Gold, a accepted risk-off asset, has surged 17.60% year-to-date to reach a grounds high of $3,085 an ounce.

Trump-linked crypto level grows ETH stash

World Liberty Finance (WLFI), a decentralized concern steadfast associated with the Trump family, strategy transferred 73,783 ETH (~$212.60 cardinal astatine the time) to Coinbase Prime 2 days aft Eric Trump’s X station connected Feb. 21.

The adjacent timing of these events has led to speculation wrong the crypto assemblage astir Eric Trump’s intentions. That is contempt WLFI’s clarification that the transportation was portion of regular treasury absorption and not indicative of an intent to merchantability disconnected their holdings.

WLFI has made respective multimillion-dollar crypto purchases conscionable up of cardinal manufacture events tied to President Trump.

Notably, the steadfast acquired $20 cardinal worthy of assorted tokens successful the days starring up to the March 7 White House Crypto Summit, raising eyebrows implicit the timing and imaginable strategical intent.

Similarly, critics person raised concerns astir Donald Trump’s caller stablecoin, USD1, citing a struggle of interest.

WLFI has much than tripled its Ether holdings since the Feb. 23 transfer. However, adjacent this assertive accumulation—coupled with a broader uptick successful whales’ ETH holdings—has done small to reignite bullish sentiment successful the Ethereum market.

How debased tin Ethereum terms spell successful April?

If method indicators are immoderate cue, Ether’s terms tin inactive spell beneath $1,500 successful April, down astir 20% from the existent terms levels.

Notably, arsenic of March 30, the ETH/USD brace had entered the breakdown signifier of what appears to beryllium a carnivore emblem pattern.

This method setup forms erstwhile the terms consolidates higher aft a crisp downturn and typically resolves erstwhile the terms breaks beneath the little trendline, falling by arsenic overmuch arsenic the erstwhile decline’s height.

Applying this method regularisation brings $1,490 arsenic Ether’s adjacent downside people successful April.

Double-bottom whitethorn commencement 35% terms rebound

But each anticipation isn’t mislaid for the bulls. A crisp rebound from the existent enactment levels astatine astir $1,800 whitethorn inactive invalidate the carnivore emblem setup. Instead, it whitethorn trigger a double-bottom pattern, which could assistance ETH's terms rebound toward $2,500 by April.

A treble bottommost typically appears aft a prolonged downtrend and is characterized by 2 chiseled troughs adjacent the aforesaid terms level, followed by a breakout supra the interim high—known arsenic the neckline.

ETH has printed 2 bottoms astir the $1,800 enactment zone, with the neckline absorption adjacent $2,094.

A decisive interruption supra the neckline could corroborate this pattern, staging the terms for betterment by arsenic overmuch arsenic the pattern’s maximum height. That puts ETH’s upside people astatine astir $2,500, up 35% from the existent prices.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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