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 …
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