According to ChainCatcher and Cointelegraph, after Eric Trump, son of the US President, advised fans in February to "increase ETH holdings," the 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. However, the associated project WLFI went against the trend, increasing ETH holdings by 300% to $210 million in three months

Analysts pointed out that this period coincided with a series of negative events such as the $1.5 billion Bybit hacker attack and Trump's car tariffs, creating a strong contrast between market sentiment and celebrity influence. Technically, if ETH fails to hold the key support of $1,800, it may further drop to the low of $1,490.