$ETH Price Crashes 50% After Eric Trump’s $175M Dump: Coincidence or Market Manipulation?

Ethereum has been taking a beating lately, and some investors are pointing fingers at a surprising source: Eric Trump. Back in early February, he jumped on X (formerly Twitter) to share his sudden love for ETH, confidently telling people to “add $ETH and “thank him later.” Fast forward to now, and Ethereum has dropped over 50% since that tweet, leaving traders frustrated and wondering if that post marked the top of the bull run.

Why the Eric Trump Post Rubbed the Market the Wrong Way

At first, Eric’s post gave ETH a quick jolt, and prices jumped 25% in the days after. But it didn’t take long for the glow to fade. The ETH crash soon followed, wiping out gains and reversing the market’s momentum. News broke that his investment firm, World Liberty Financial, had offloaded $175 million in ETH not long after his tweet. That didn’t sit well with the crypto crowd. Peter Schiff wasted no time mocking the move, and tech investor Chris Bakke threw salt in the wound with a brutal “you’d be broke and divorced” joke. The whole thing started to feel less like optimism and more like a setup.

Bigger Issues: Tariff Tensions and Trust Trouble

Of course, Ethereum’s slump isn’t just about one tweet. Hours before Eric hit send, his father’s administration stirred up global markets with fresh tariff threats, spooking investors and sending high-risk assets like crypto tumbling. That, mixed with lingering distrust from past Trump-linked token flops, made things worse. Now, ETH is stuck in the crosshairs of politics and market fear. So, where does Ethereum go from here? Let’s dive into the charts and see what the technicals are telling us.$ETH Price Action Analysis of April 8, 2025

The ETH Price, as seen on a 5-minute chart, indicated it began in a steep downtrend price that traded in a clearly defined descending channel. The price bottomed near $1,460 before turning and beginning to construct a short-term ascending channel. The bullish