One. Is Ethereum 'crashing'?

If we were to summarize Ethereum's performance for the entire year of 2024, it really is - falling endlessly, like difficult brothers. The overall environment is like an unending storm, with soaring interest rates, high inflation, and lingering clouds of war, the entire cryptocurrency market has been battered and fragmented. And Ethereum, as an established player, has not managed to stand firm.

What's worse is that competitors have risen:

  • Solana: Fast transactions, low gas fees, developers are calling it 'really nice'.

  • Polkadot: Cross-chain technology is outstanding, different chains are like having express lanes.

  • Cardano: Making strides in smart contracts and DeFi, attracting countless fans.

These newcomers have taken a slice of Ethereum's cake, coupled with ongoing issues with the Ethereum 2.0 upgrade and frequent vulnerabilities, investors have fled, and the coin price has fallen flat.

Two. Trump family's 'bottom fishing' operation

Just when everyone was singing the blues about Ethereum, the Trump family made a miraculous move. Their project World Liberty Financial (WLFI) directly purchased 1,325 Ether with $5 million USDC, and they are continuously adding to their position! This sparked heated discussions across the market: what does this family mean? Did they misjudge the situation?

Three. Why does the Trump family have their eyes on Ethereum?

Don't rush to say they are foolish; let's analyze why they are doing this:

  1. Look for medium and long-term value
    Although Ethereum is not performing well right now, it is one of the 'founding fathers' of the crypto market. With a solid technical foundation and a wide range of application scenarios, who can say it has no chance of turning around?

  2. Hedge economic risks
    The global economy is confusing, and cryptocurrencies have instead become an alternative safe-haven asset. Accumulating some Ethereum can both diversify investment risks and provide an opportunity for significant future gains.

  3. Layout DeFi and NFT
    DeFi and NFT are booming right now, and Ethereum is the foundation of these ecosystems. The Trump family may want to take advantage of the current low coin prices to position themselves for future gains.

  4. Political and economic integration
    Don't forget that the Trump family is a big player in both politics and capital. Getting some Ethereum may not just be an investment, but also a way to build good relationships with players in the crypto world for long-term development.

Four. Market reaction: Some are confused, some are following the trend

The Trump family's 'low-position bottom fishing' has confused many, but some have started to reassess Ethereum's potential. Some institutions have even begun to quietly follow suit, after all, the instincts of big players are always sharper than those of ordinary people.

However, speaking of which, for Ethereum to turn around, it still has to tackle a bunch of tough challenges:

  • Technically, Ethereum 2.0 must be more stable and faster, without any more mishaps.

  • Market competition is extremely fierce, with up-and-coming stars like Solana and Polkadot eyeing the market share of the big brother.

  • Regulation is also a sword of Damocles, with policy changes in various countries happening in an instant.

Five. What does the future hold? Look for opportunities, but also consider luck

The current downturn of Ethereum in 2024 might be the 'darkest hour' before its future rise. If they can endure it, when DeFi and NFT continue to explode and market regulation becomes clearer, this operation by the Trump family could very well become a textbook case of 'successful bottom fishing'.

Of course, if the technology does not keep up, and competitors are hot on their heels, Ethereum's position as a big brother may indeed be at risk. But to be fair, among so many blockchain projects, Ethereum's resilience and confidence are still among the best.

Ethereum in 2024 has suffered greatly, but it hasn't died. The Trump family's 'counterwind operation' seems aggressive, but it also hides a lot of deep consideration. If you are an investor, is it time to bottom fish and follow the trend? Don't rush; the market changes quickly, opportunities exist, but risks are also high. Whether Ethereum can turn around in the future depends on whether it can endure this 'darkest hour'!