Ethereum’s Ether token has seen a significant decline, losing nearly 50% of its value over two months following Eric Trump's endorsement to buy the cryptocurrency. As of March 31, Ether was trading around $1,820, approximately 40% lower than before the endorsement. The cryptocurrency's market share fell from 10.28% to 8.39%, marking its lowest level since 2020. A series of market challenges, including a major hack at Bybit and geopolitical tensions linked to President Trump's trade actions, have adversely affected Ether's price. Despite these setbacks, there is potential for recovery. If current support levels around $1,800 hold, predictions suggest a double-bottom pattern could form, potentially seeing the price rebound to around $2,500. Analysts indicate Ether could dip further below $1,500 should the bear flag pattern continue. While WLFI, a firm tied to the Trump family, has increased its Ether holdings, this hasn't boosted market sentiment. Investors are advised to conduct thorough research given the volatile market conditions.

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