Ethereum’s price struggles – Will President Trump’s vote of confidence be key?
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Ethereum’s Q1 struggles have sparked a debate about its long-term value Despite recent losses, Trump’s backing may signal confidence in Ethereum’s potential for future recovery As Ethereum [ETH] faces its most challenging quarter in years, with a delayed upgrade and a sluggish market performance, one detail stands out – 91% of President Trump’s crypto holdings are anchored on the Ethereum blockchain. As the network grapples with its current hurdles, this significant investment has ignited speculation about Ethereum’s long-term prospects. Could Trump’s backing be a signal of untapped potential, or is Ethereum’s struggle just the beginning of a deeper downturn? Ethereum – A rocky start to 2025 Source: X ETH has been recording one of its worst Q1 performances in recent years. In fact, at press time, March’s returns stood at -10.95%, following a steeper decline of -31.95% in February – Significantly below the average March returns of +19.48%. Source: TradingView Technical indicators highlighted this bearish trend, with ETH trading at around $1,887 at press time. The MACD revealed growing bearish momentum, while the RSI was near 37 – Indicating oversold conditions. A series of red candles on the daily chart underlined sustained selling pressure throughout March. Adding to the uncertainty, the ecosystem remains in limbo as traders anticipate upcoming upgrades. Sentiment remains cautious, with ETH’s price action continuing to reflect the broader market’s skepticism too. Trump’s crypto holdings – What we know President Donald Trump’s financial footprint in the crypto world is larger than many might expect. Through his family’s significant control over World Liberty Financial (WLFi), it’s clear that Ethereum plays a central role. Recent data revealed that 91% of WLFi’s crypto portfolio – worth approximately $75.77 million – is anchored in Ethereum right now. Source: X This substantial commitment to ETH raises questions about Trump’s influence on the…
Filed under: News - @ March 29, 2025 2:19 pm