- Ethereum has dropped 53% since February, with many pointing to Eric Trump’s poorly timed “buy $ETH” tweet as a turning point — especially after his firm reportedly sold $175M in ETH right after.
- The broader crypto meltdown was worsened by Trump’s tariff announcements, which sparked global market panic and crushed high-risk assets like ETH.
- Now trading near $1,550, Ethereum is teetering on key support levels, and unless macro conditions stabilize, a deeper fall toward $1,000 isn’t off the table.
Ethereum’s in a tailspin — down over 53% since February, and folks are starting to look for someone to blame. Fair or not, Eric Trump’s now-infamous crypto tweet has become the poster child for what not to do during market uncertainty.
Remember that post? Yeah, the one where Eric went full hype-mode, saying “It’s great to add $ETH. You can thank me later”? Well… it didn’t age well.
“Buy ETH Now” — The Tweet That Aged Like Warm Milk
So here’s how it went down. Back on Feb. 3, Eric Trump decided to bless the timeline with his thoughts on Ethereum. The post shot ETH up by 25% for a hot minute — just long enough for the crowd to FOMO in — and then? Collapse.
ETH has since cratered to around $1,550, breaking below key levels and dragging half the altcoin market with it. For reference, it was trading at $3,400 when Eric fired off his tweet.
Critics? Oh, they came rushing in. Peter Schiff wasted no time calling out the chaos, posting something along the lines of: “Best not to take investment advice from the Trumps.” Ouch.
Meanwhile, tech investor Chris Bakke went in harder: “If you invested $100,000 in ETH at the time of this post, you’d have $46,782 and be divorced by now.” Brutal.
And here’s the kicker — shortly after the tweet, World Liberty Financial, tied to Eric Trump, quietly dumped $175 million worth of ETH. Naturally, folks weren’t thrilled.
Tariff Chaos Didn’t Help Either
Let’s be real — it wasn’t just the tweet. Right around the same time, Donald Trump rolled out a fresh wave of tariffs, rattling global markets and sparking a risk-off panic. Crypto got hit hard. Ethereum, being high-beta, took the brunt.
Combine political unpredictability with shaky investor confidence, and it was a recipe for disaster. This wasn’t just another dip — it was a full-on meltdown.
And don’t forget, this isn’t the first time Trump-linked tokens have ended in tears. TRUMP and MELANIA coins? Pumped, dumped, and forgotten. So yeah, trust isn’t exactly sky-high.
A Price Chart That Tells a Story
ETH is now almost 70% below its all-time high of $4,878. For long-term holders, it’s been a rough ride. Every bounce has been followed by a harder fall. For new buyers? It’s been carnage.
RSI levels have dipped, momentum’s flat, and sentiment — honestly — feels exhausted. There’s hope, sure, but it’s thin, and it’s stretched.
What Now?
Some investors are still clinging to the belief that ETH will rebound. Maybe. Maybe not. Much of it depends on whether this tariff war cools off and if confidence in decentralized finance can recover.
One thing’s for sure — next time someone says “buy now” on X, maybe… just maybe… double-check their track record before jumping in.
