Mars Finance News: After Eric Trump, son of former US President Trump, advised fans in February to "increase ETH holdings at the best time", ETH price plummeted from around $3,400 to $1,820, a drop of 46.5%. Its market capitalization share shrank from 10.28% to 8.39%, hitting a new low since 2020. The associated project WLFI, however, bucked the trend by increasing holdings, with ETH positions rising 300% to $210 million in three months. Analysts point out that this period coincided with a series of negative events such as Bybit's $1.5 billion hacker attack and Trump's car tariffs, creating a strong contrast between market sentiment and celebrity influence. From a technical perspective, if ETH fails to hold the key support level of $1,800, it may further decline to the low of $1,490. (Cointelegraph)
Since Eric Trump made the suggestion to “increase holdings of ETH”, the price of ETH has fallen nearly 50% from its high
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