Just two months after Eric Trump told his 5.7 million followers it was the perfect time to buy Ethereum (ETH), the token has shed nearly 50% of its value. As of March 31, ETH is trading around $1,820 — down from highs near $3,200 — making the Trump-timed call a painfully ironic marker for bulls.
The ETH slump hasn’t happened in a vacuum. February’s $1.5 billion Bybit hack triggered massive outflows, while Donald Trump’s tariff escalation against Canada, Mexico, and China sent risk assets spiraling. With new 25% auto import duties looming, fear continues to spread across crypto markets.
Meanwhile, crypto analysts like Michaël van de Poppe suggest that ETH may not bottom until traditional safe-havens like gold, which recently hit a record $3,085/oz, finish rallying.
Trump-Linked WLFI Quietly Accumulates ETH
Despite the price plunge, Trump-affiliated DeFi platform World Liberty Finance (WLFI) has aggressively added to its Ethereum stash. Just days after Eric Trump’s post, WLFI moved over $200 million in ETH to Coinbase Prime, stating it was part of “routine treasury management.”
Since then, the group has tripled its ETH holdings, and made key token purchases ahead of events like the White House Crypto Summit — moves that continue to spark speculation about strategic intent and market timing.
Bear Flag Looms, But Double-Bottom Offers Hope
Technical charts suggest ETH could still drop below $1,500 in April. The formation of a bearish flag hints at more downside, pointing to $1,490 as the next key support. However, bulls may find hope in a potential double-bottom pattern forming near $1,800.
If ETH can break through the $2,094 neckline, the pattern could launch a rally toward $2,500 — a 35% jump from current levels.