Ethereum price is almost 50% because Eric Trump’s ‘Add Eth’

Ethereum’s native token, Ether (Eth) Lost about half of its worth two months after Eric Trump, son of US President Donald Trump, said His 5.7 million followers are a “great time” to add the largest altcoin to their portfolios.

President Trump seizes son’s bullish ete

On March 31, Ether traded at less than $ 1,820, down by approximately 40% from Eric Trump’s tweet.

Meanwhile, the Crypto Market shares dropped from 10.28% at the time of Eric Trump’s posting from 8.39% to March 31, the lowest since 2020.

A series of market headwinds blinds the entrepreneurs following Eric Trump’s comments.

For example, in February. 21, Bybit, a well -known cryptocurrency exchange, suffered A major security violation in which the $ 1.5 billion lost to the ether, marked the largest cryptocurrency heist to date.

President Trump Warf warf Against Canada, Mexico, and China also intensified the sale throughout the Ethereum and the broader crypto market. Him 25% tariffs on auto importsset to live on April 3, is a more annoying sentiment at risk.

Michaël van de Poppe, co-founder of the Crypto Portfolio Management firm MN Consultancy, has doubted an ether price that rebounds in the coming days, adding that markets should expect an bottom of the ETH when gold prices.

The gold, a traditional asset-off asset, has climbed 17.60% year-to-date on reach a record high of $ 3,085 an ounce.

The Crypto platform associated with Trump grows the eth stash

World Liberty Finance (WLFI), a decentralized financial company associated with the Trump family, the approach moved 73,783 ETH (~ $ 212.60 million in time) to Coinbase Prime two days after Eric Trump’s posting in Feb. 21.

The close timing of these events led to the concept of the crypto community about Eric Trump’s intent. That is on the other The clarification of WLFI That the move is part of the regular management of the treasury and does not indicate a desire to sell their holdings. ​

WLFI has made many multimillion-dollar crypto purchases that have just preceded the major industry events tied to President Trump.

Noticeably, the firm Got $ 20 million worth of different tokens on the days leading until March 7 White House Crypto SummitRaising eyebrows with the timing and potential strategic intentions.

Similarly, critics have raised concerns Donald Trump’s new stablecoinUSD1, citing a conflict of interest.

WLFI has more than three times its its Ether holdings Since the move of Feb. 23. However, even this aggressive accumulation – along with a greater uprising to ETH handles of whales—Create a little to reign of bullish in the Ethereum market.

How low is Ethereum price in April?

If technical indicators are any cue, Ether prices can still drop to $ 1,500 in April, up to 20% from current price levels.

Noteworthy, on March 30, the ETH/USD pair entered the breakdown stage of what appears to be a pattern of the bear flag.

These technical setups form when the price is combined higher after a sharp collapse and is usually resolved when the price breaks below the lower trend, falling on a greater number of height of the previous decline.

Applying this technical rule will bring about $ 1,490 as Ether’s next target downside in April.

Double-Bottom can start 35% price rebound

But all hope is not lost for the bulls. A sharp rebound from current support levels by around $ 1,800 can still validate the bear flag. Instead, it can trigger a double-bottom pattern, which can help the ETH price turned away at April’s $ 2,500.

A double bottom usually appears after a long downtrend and is characterized by two unique troughs near the same price level, followed by a breakout above the temporary high – known as neckline.

Related: Ethereum Futures Premium hits 1+ low -time – is it time to buy the bottom of ETH?

The ETH printed two bottoms around $ 1,800 zone support, with a neck resistance near $ 2,094.

A decisive rest above the neck line can confirm this pattern, which sets the price for recovery of more maximum pattern height. That puts the up -to -date ETH target around $ 2,500, up to 35% from current prices.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.