Whale of a Time: Sun Keeps Swimming in ETH? 🐳

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So, Justin Sun, bless his heart 🙄, is at it again. He’s apparently “doubling down” on Ethereum, which, if you’ve been following crypto lately, is like insisting on wearing white after Labor Day—a bold, possibly misguided, choice. He claims he has “no intention of selling” his ETH holdings. Because who needs money, right? 🤷‍♂️

“ETH is currently at a low price, but we have no intention of selling our ETH holdings. Tron will continue to seek opportunities to collaborate with more Ethereum developers and build our industry together.” – H.E. Justin Sun 🍌 (@justinsuntron) April 17, 2025

Of course, this isn’t just about Ethereum; it’s about Tron’s desperate attempt to cozy up to the Ethereum crowd. It’s like that kid in high school who always tried to sit at the cool kids’ table, but with more blockchain. 🤓

Reports suggest Sun is sitting on a cool 665,000 ETH, which is “only” worth about a billion dollars now—a far cry from the $2.5 billion it used to be. Imagine losing that much money and still pretending everything’s fine. I’d be stress-eating donuts and hiding under the covers. 🍩🛌

He’s “pushing back against growing market fears,” which is just a fancy way of saying he’s ignoring the giant red flags flapping in the wind. But hey, maybe he knows something we don’t. Or maybe he’s just really, really stubborn. 🤷‍♀️

Ethereum Faces Challenges (Or, “Things Are Not Great, Bob”)

While Justin’s out there playing the optimist, Ethereum is facing, shall we say, a few “challenges.” Daily active addresses are dropping faster than my New Year’s resolutions. Down 11%! It’s like everyone suddenly remembered they had better things to do than trade meme coins. 😂

“Ethereum’s (ETH) daily active addresses present a mixed picture, introducing uncertainty. While YCharts data showed a year-over-year decline of over 11% to ~450,565 by mid-April 2025, other recent reports noted temporary surges, sometimes exceeding 1 million addresses. This…” – David Gross davidgrossapps (@dgapps) April 17, 2025

And the gas fees? Oh, they’re at their lowest since 2020. A measly $0.168 per transaction. It’s so cheap, you could practically sneeze and pay for a transaction. 🤧

“🚨💸 BREAKING: Ethereum fees are at a 5-year low, with transactions currently costing just $0.168. This is the cheapest daily cost of making $ETH transfers since May 2, 2020. We briefly break this down in our latest insight. 👇 ” – Santiment (@santimentfeed) April 16, 2025

ETH Price Analysis (Or, “Brace Yourselves”)

The Ethereum chart looks like a sad trombone solo. 📉 Downtrend since December, and now a “descending wedge pattern,” which, according to the experts, means it’s probably going to get even worse. Yay! 🎉

If it breaks down around $1575 (and let’s be honest, it probably will), we could be looking at a target of $975. That’s right, folks, it’s going to be like Black Friday, but for crypto. 🛍️

Ethereum Price Chart

Ethereum Price Chart | Source: TradingView

But hey, maybe it’ll go up! A “bullish case” could see it breaking out and hitting $2200-$2400. So, you know, flip a coin. 🪙

The Relative Strength Index (RSI) is at 36.31, which means the bears are having a field day. And the Balance of Power indicator? A depressing -0.49. So, basically, everyone’s selling. Except Justin Sun, of course. 🙄

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2025-04-18 15:49