🟥Ethereum (ETH) plummeted sharply following a tweet from Eric Trump on February 4, 2025. He called it a good buying opportunity, but soon after, the cryptocurrency started declining. From $2,850, ETH lost 35% in two months, dropping to $1,840. This coincided with the overall crypto market cap decline from $3.3 trillion to $2.6 trillion.
🟥The sell-off intensified due to major liquidations: two Maker wallets holding 125,603 ETH ($238 million) approached their critical liquidation levels at $1,805 and $1,787. If the decline continues, a new wave of selling pressure could follow.
🟥Amid the overall market instability, ETH lost 9.1% over the past week, trading at $1,829 on March 30. Support is expected in the $1,929–$1,796 range, but without strong fundamentals, a rebound remains uncertain.