Ethereum Pertahankan Dukungan $1,600: Akankah Rally April Dorong ETH Melewati $2,000?
Ethereum Price Holds $1,600 Support: Will April’s Rally Push ETH Above $2,000? https://cryptonews.com/news/ethereum-price-holds-1600-support-will-aprils-rally-push-eth-above-2000/

Ethereum Price Holds $1,600 Support: Will April's Rally Push ETH Above $2,000?

by Arslan Butt, April 13, 2025 01:51 EDT

Ethereum is showing surprising resilience. Despite market turbulence and rising geopolitical tensions, ETH is holding steady above the key $1,600 level. As of April 13, the second-largest cryptocurrency is trading around $1,606, having bounced back from recent lows near $1,450.

Technical charts show ETH is butting up against a key resistance zone—the 50-day EMA and a descending trendline near $1,625. A confirmed break above $1,625 could open the door to $1,690, and possibly even a run toward $2,000 later this month. But in this macro climate, that's still a big "if."

Eric Trump-Linked Entity Dumps Ethereum at a Loss

Adding pressure to Ethereum's outlook is a recent report that World Liberty Financial, an entity partly controlled by Eric Trump, sold 5,500 ETH for roughly $8 million—at an average price of $1,465 per coin. The reported transaction marks a 55% loss, given the entity's original average entry at $3,259 per ETH.

This sale, flagged by Lookonchain and linked to Arkham Intelligence data, comes just two months after Eric Trump posted on X: "In my opinion, it's a great time to add ETH. You can thank me later."

At the time, ETH had slipped below $3,000. Since then, the asset has dropped another 48%, undercutting that call significantly.

The irony isn't lost on the crypto community. Many traders see this as emblematic of the market's fragility, especially when even high-profile figures are forced to exit at substantial losses.