“In my opinion, it’s the perfect time to buy an Ethher (ETH) and I can thank you later.”
It reflected what Eric Trump, the son of the US president, shared through his personal account on February 3rd at X.
His opinion was not overlooked because of his direct connection with the administration and his active role as director of World Liberty Financial, a decentralized financial project (defi) associated with the Trump family.
At the time, the price of native currency on the Ethereum network was above the $2,900 level.
But two months after that publication, ETH is “bleeding” and its price collapsed by about 50%.
At the time of publication of this memo, the price of ether was $1,520, 69% below the historic maximum (ATH) of $4,890.
Apart from Eric Trump’s words, the market may be giving signs. Is that the end of ETH’s glory time?
To understand what’s going on with Ethereum, you should not omit it Generally, the cryptocurrency market is In red As a result of the commercial war that was released by the US president and that of Donald Trump.
As Cryptonoticias reported on April 2nd on the “Liberation Day,” the president announced mutual tariffs in several countries. Among them was made by China, Canada, Latin America and all countries announced by the European Union (EU).
These policies have created economic turbulence scenarios for investors to move away from risk-considering assets such as Bitcoin (BTC) and cryptocurrency, and to shelter in other financial instruments such as treasured debt.
Now, in this unfavourable context of digital assets, It’s added that the Ethereum ecosystem won’t go beyond its best momentsthe situation at ETH becomes even more delicate and complicated.
Since the activation of Dencun, the ecosystem created by Vitalik Buterin has faced multiple challenges.
As Cryptootics reports, Dencun is a reorganized update of the way data is managed on the Ethereum main network, which can reduce the operating costs of the second tier network (L2) as fundamental, enthusiasm, optimism and arbitr by promoting the publication of transaction lots.
The proliferation of L2 networks has fragmented activity within the Ethereum ecosystem, which has a negative impact on ETH price valuation.
This is because many transactions are carried out outside the main chain, reducing the use of ETH to committees. As a result, It reduces its demand, which directly affects its price.
According to terminal token data, L1 revenues have collapsed 99% over the past six months.
Another sign of weakening is The market capitalization no longer represents most of the network values Ethereum.
Today, ERC-20 tokens are over ether. This shows that applications built on Ethereum acquire more interest and capital than the native assets themselves.
The ecosystem is worth $450 million, according to data from Ultra Sound Platform. Of that total, $189,450 million corresponds to ETH, $22,2930 million for ERC-20 tokens and $12,660 million for Impossible tokens (NFTs).
In this cycle, Solana is also distinguished by consolidating as an associated competitor for Ethereum, offering higher speeds, lower transaction costs and more focused activities within its own ecosystem.
This bearish trend It gets even deeper when ETH prices measured in Bitcoin are compared.
At the time of publication of this memo, ethworms measured in currency created by Nakamoto Atoshi had dropped to 0.019 BTC, the lowest level since December 2020.
Recent price evolutions have shown a clear difference in the performance of both assets. Since the beginning of 2021, BTC has risen from $13,000 to $77,000, representing a 492% increase.
In contrast, ETH went from $730 to $1,500, up about 105%.
This performance gap is reflected in recent results. According to Coinglass data, ETH won its first negative quarter three times in 2018 (-46.61%), 2022 (-10.75%) and 2025 (-45.41%).
The challenge currently facing Ethereum shows that Eric Trump’s reflections did not come at his best moment, or at least his words were not entirely successful given the circumstances.
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