If You Had Invested In Ethereum When Eric Trump Said 'It's A Great Time', You'd Be Down 39%

Ethereum (CRYPTO: ETH) is down 18.4% over the past 30 days, a much steeper drop than Bitcoin's (CRYPTO: BTC) 7% loss in the same timeframe. While many traders still maintain a bullish outlook on ETH long-term, the altcoin's recent volatility has raised doubts and curiosity across the crypto community.

What Happened: In early February, Eric Trump tweeted that it was a "great time" to buy Ethereum.

His post gained traction on Crypto Twitter, prompting a sharp response from Bitcoin advocate Pierre Rochard, who dismissed the idea and included Ethereum on his list of assets to avoid. Since then, Ethereum has fallen 39%.

Adding to the selloff pressure, trader Wicked pointed out that World Liberty Financial recently moved $175 million worth of ETH to Coinbase — likely preparing to dump. "Exactly what I’d say if I was about to dump a massive bag of ETH," he remarked.

Eric Trump has previously expressed support for a variety of cryptocurrencies, including Bitcoin, Solana, Cardano, Ripple and even their own "Official Trump" token. But since his Ethereum endorsement, most of these assets have also trended lower.

The recent wave of negative sentiment was fuelled by Donald Trump's tariff announcement, which rattled broader financial markets and trickled down into crypto.

Also Read: Bitcoin, Ethereum, XRP Down Since The Start Of 2025: Would A President Harris Have Been Better For Crypto?

What's Next: Crypto trader Rekt Finance noted that Ethereum's market dominance has collapsed from 20% in June 2023 to just 8% now. Historically, ETH has reversed course from similar "green zone" levels. The trader wonders if Ethereum will follow the same path this time or if the pattern has broken.

Another trader, Doctor Profit, highlighted that Ethereum is now sitting right on a long-standing support level, one that's marked several previous bottoms. After a sharp correction and peak fear, ETH has dropped directly into this zone.

"This is exactly the kind of setup that historically leads to strong reversals," he explained, suggesting the area may be ideal for patient accumulation given how undervalued ETH looks at current levels.

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