The tweet was deleted by the author.
But we saved everything 🙂.
Ethereum (ETH) is trading at $1,781.49 after a daily drop of $36.74, or 2.02%, versus the previous close. Since the market open, ETH has moved sharply lower, closing near the bottom of the intraday range and reflecting clear selling pressure in a day of moderately high volatility. This decline is mainly driven by technical resistance and overbought conditions, with bullish sentiment from positive community commentary, such as Joseph Lubin's, not able to offset prevailing profit-taking and short-term exhaustion.
Joseph Lubin described ETH as both 'ultrasound money' and the 'highest powered money on the planet,' while highlighting new organizations dedicated to Ethereum ecosystem growth. This bullish characterization supports positive sentiment, but the market has discounted it as technical resistance and recent selling dominate trading behavior. Meanwhile, Ethereum continues to benefit from sharply reduced energy consumption after the Merge, higher on-chain activity from new Layer 2 solutions like the Robinhood Chain, increased institutional adoption through net ETF inflows, and ongoing security enhancements from AI-driven protocol monitoring.
Ethereum is currently above the MA-20 ($1,692.55) and MA-50 ($1,762.94) but remains well below the MA-200 ($2,222.91), indicating short- and medium-term upward momentum within a long-term bearish structure. The nearest resistance is the MA-50 at $1,762.94, while support sits at the Ichimoku Kijun at $1,672.70. Daily momentum is mildly bullish but overbought readings on the RSI and Stochastic RSI warn of potential reversal. The 5-day forecast range is $1,762 to $1,886, with a downside bias prevailing as the tweet’s bullish signal has not been confirmed by price action, adding caution to the near-term outlook.
Previously it was reported that Donald Trump’s financial disclosures point to crypto including Ethereum, playing a secondary but notable role in his overall portfolio strategy, with greater emphasis placed on traditional assets. The current analysis adds a new dimension by focusing on Ethereum's evolving role in diversified portfolios, with investors advised to monitor its relative strength against both bitcoin and major equities in the weeks ahead.