Trump's Tariff Shockwave! After ETH Plummets 15%, Are Whales Secretly Bargain Hunting?
The sudden decision by the Trump administration to impose global tariffs struck the cryptocurrency market like a heavy blow, with Ethereum being the first to suffer a 15% plunge, briefly dipping to a low of $1415.
Although the ETH price has temporarily rebounded to around $1595, market panic continues to spread. According to analysis from CryptoQuant, on-chain data indicates that $1290 will become a key defense line, as this is the average cost line for whales holding over 100,000 ETH, while the average holding cost for ordinary investors is as high as $2200, meaning most retail investors are deeply entrenched in losses.
Currently, the market is sending a set of intriguing contradictory signals. According to Spot On Chain data, a mysterious “ancient whale” from a certain ICO period has once again taken action, transferring 7000 ETH to exchanges, valued at about $10.21 million, continuing the routine of selling at highs in an attempt to arbitrage;
At the same time, the MVRV indicator has dropped to 0.87, reaching the lowest point since December 2022, warning that ETH is currently in a range of severe undervaluation, revealing investment potential. In the midst of buying and holding, Ethereum's market direction is becoming increasingly murky.
Looking back at the LUNA crisis in 2022, ETH had once strongly rebounded from a low of $870; the current market panic may be nurturing new opportunities. This cryptocurrency storm triggered by a political black swan tests both investors' risk tolerance and Ethereum's resilience as a mainstream crypto asset.
How do you plan to respond to the fog surrounding ETH under Trump's tariff shock?
