The price of bitcoin has recently seen a significant decline, dropping to around $95,044. This led to a massive sell-off in the altcoin market, causing more than $698 million in leveraged liquidations. Meanwhile, the price of Ethereum also experienced a decrease of more than 7 percent, as it traded at around $3,353 during early New York hours.
Ethereum is currently encountering an important support and resistance level, which is estimated to influence its future trajectory, as its fully diluted market cap is approximately $404 billion and its daily trade volume is near $40.4 billion.
Taking a glance at the daily chart of Ethereum, it can be deduced that the price is showing signs of reversal which could potentially have a formation of a head and shoulder, Although, there is more room for confirmation on the Relative Strength Index also known as RSI. For the last couple of days Ether’s prices have stayed well below the 50 day moving average which is indicative that the bears are in control.
On the off chance that bitcoin continues to dip, Ethere’s price is expected to decline further breaking the $3,100 mark, however, this will be the starting point for the next bullish cycle. However, should a rebound occur later which results in Ethereum being traded around it’s all time high, such a scenario is also possible.
The volatile period witnessed alongside the trying times of the election seasons has led crypto-based businesses to brace for the possible impact that Trump’s second inauguration might have. There are a plethora of factors that still are up for questioning, one of them being the political shift the US has and how it affects crypto investments alongside the inauguration.
After estimating around $12.61 million in sales in 2024, the Ethereum foundation managed to make some significant sales in 2025 as well. Being a non-profit organization that aims to expand and evolve the Ethereum Network, the Ethereum foundation aims to keep its affiliate currency in check and continue expanding its business in the long run by making effective sales.
Currently sitting on ETH worth $915 million while simultaneously factoring in the Wrapped Ethereum (WETH) along within their sell range, the Ethereum foundation has focused tremendously on gaining more ETH. The drastic shift in politics concerning crypto might be a factor wherein expecting more demand might help rationalize the prices better.
