Ethereum Price Today: TRUMP Outperforms ETH’s 4 Year Growth in Minutes

Ethereum price today trades at $3,300, while Solana meme coin TRUMP outgrows ETH's 4-year gains amid a 330K ETH whale accumulation spree.
By Akash Girimath
January 18, 2025 | Updated January 18, 2025
Can Ethereum Price Hit $20K Amid Trump's Fed Rate Cut Push & 'ETH Dead' Claims?

Highlights

  • Ethereum price trades at $3,300 after dropping 10.16% over the past week.
  • Solana meme coin TRUMP outperforms Ethereum's 4-year gains in just 90 minutes.
  • Ethereum whales accumulate 330,000 ETH worth roughly $1 billion despite lackluster performance.

Ethereum price today trades at $3,300 after dropping 10.16% over the past week. This lackluster performance from ETH has been a theme throughout 2024 and has not changed so far in 2025. This situation exacerbated after a new Solana meme coin announced on President-elect Donald Trump’s X page has outperformed Ethereum’s 4-year gains in just 90 minutes.

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Ethereum Price Today Trades at $3,306.3, ETH is Down -5.01%

Ethereum (ETH) price today trades at $3,306.3 as of 11 PM. Although the token showed strength at the end of 2024, it has continued its lackluster performance streak. Despite this performance, whales continue to accumulate ETH at a discount. Over the past week, these investors have bought 330,000 ETH worth roughly $1 billion. From a daily high of $3,489.2 ETH price is down -5.01% on October 5.

eth price today

*Ethereum price updated as of 11 PM.

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TRUMP Coin Outperforms Ethereum’s 4-Year Gains in 90 Minutes

The TRUMP coin soared by 766% in just 1 hour and 31 minutes today, as seen below. Since its inception, the token has raked 8,110% and continues to rally higher. Ethereum, on the other hand, has managed to shoot up 420% in the last four years.

While some speculate that this could be the work of scammers who took control of Trump’s X account, others believe it is a promotion from the to-be 47th president of the United States of America. So far, no official comments have been made from Trump or his team. Still, many suggest TRUMP Solana meme coin was launched by Donald Trump.

Ethereum Price Today: TRUMP Outperforms ETH's 4 Year Growth in Minutes
TRUMP/USDT 1-minute chart
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Whales Buy 330,000 ETH Last Week

According to Santimen, Ethereum whales holding between 1,000 to 10,000 ETH have scooped up 330,000 tokens in the past week. At present, the value of these tokens is roughly $1 billion. Despite this buying spree, the price of ETH continues to linger at around $3,300, with no signs of a breakout rally.

Ethereum Price Today: TRUMP Outperforms ETH's 4 Year Growth in Minutes
ETH Whales Accumulate Roughly $1 Billion Tokens

On-chain metrics showcase a bullish outlook. Supporting it is the technical analysis of ETH, which also shows a similar scenario with a massive bottom reversal pattern forming on the weekly chart.

Ethereum Price Analysis

Ethereum price’s weekly chart shows a cup and handle setup, which is a bullish reversal pattern. This technical formation forecasts a 72% rally to $6,172, obtained by adding the cup’s depth to the neckline at $4,000.

However, for a decisive breakout, Ethereum price needs to overcome the $3,800 to $4,100 resistance zone. A weekly candlestick close above this zone that flips it into a support level will confirm a resolution of the cup and handle setup. In such a case, Ethereum price forecasts the next target at $6,000.

Ethereum Price Today: TRUMP Outperforms ETH's 4 Year Growth in Minutes
Cup and handle pattern observed on ETH/USDT 1-week chart

While Ethereum price performance has been lackluster, it hasn’t crashed and is holding its ground, showing resilience. On the other hand, many altcoins continue to crash with no bottom in sight. Investors should disregard the short-term noise and pay attention to the long-term outlook, which is promising, considering the crypto bull market has a long way to go before it tops. The growing fundamentals and on-chain metrics add credence to a better performance in the near future.

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Frequently Asked Questions (FAQs)

1. What is the current Ethereum price?

The current Ethereum price is $3,300 as of Saturday, January 18, 2025.

2. How has Ethereum performed in comparison to the new Solana meme coin TRUMP?

TRUMP has outperformed Ethereum's 4-year gains in just 90 minutes, soaring by 766% in 1 hour and 31 minutes.

3. What is the outlook for Ethereum price based on technical analysis?

Ethereum price's weekly chart shows a cup and handle setup, forecasting a 72% rally to $6,172.
Akash Girimath
Senior Cryptocurrency Analyst & Market Strategist Engineer-turned-analyst Akash Girimath delivers data-driven insights on cryptocurrency markets, DeFi, and blockchain technology for platforms like AMBCrypto and FXStreet. Specializing in technical analysis, on-chain analytics, and risk management, he empowers institutional investors and retail traders to navigate market volatility and regulatory shifts. A hands-on strategist, Akash merges active crypto portfolio management with research on Web3, NFTs, and tokenomics. At AMBCrypto, he led cross-functional teams to redesign content frameworks, achieving record-breaking traffic growth through scalable editorial strategies. His analyses dissect market sentiment, investment strategies, and price predictions, blending macroeconomic trends with real-world trading expertise. Known for mentoring analysts and optimizing workflows for high-impact reporting, Akash’s work is cited across global crypto publications, reaching 500k+ monthly readers. Follow his insights on YouTube, X, and LinkedIn for cutting-edge perspectives on decentralized ecosystems and crypto innovation.
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