ETH: Beware of Trump's Comments! Bearish Trend IntactETH Price Volatility: Beware of Trump's Comments
From our previous analysis, the price reached the first target. After Trump posted new comments, ETH surged by nearly 17%, tested the structure zone, and then moved down again at a time when everyone was expecting it to rise further.
However, it appears he may be playing with the markets, and hedge funds are likely closing profits from the top. Be cautious, as this is not a positive sign. ETH retraced all gains easily and, after any correction, it may decline further.
From our previous analysis nothing changed
Trump comments:
In his post on Truth Social on Sunday, Trump named bitcoin, ether, Ripple Labs' XRP, solana and cardano to be part of the reserve. "I also love Bitcoin and Ehtereum," the US President said, while adding that the two cryptos will be at the "heart of the reserve".
You may find more details in the chart!
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Previous analysis: