- Tron founder Justin Sun has reaffirmed his commitment to Ethereum, refusing to sell any of his holdings despite a 20% price drop and declining network activity.
- While Ethereum shows bearish technical signals, Sun’s confidence and hints at a potential collaboration between Tron and Ethereum offer a hopeful outlook.
Despite Ethereum’s recent dip, Tron founder Justin Sun is signaling confidence, publicly reaffirming that he won’t be selling any of his ETH holdings—even as prices plunge and whale sell-offs intensify.
Sun HODLs Through the Storm
In a post on X, Justin Sun made it clear: “I will not sell a single ETH.” His bold declaration comes after Ethereum tumbled 20% in the past week alone, pushing prices to around $1,575. Yet, Sun’s unwavering stance isn’t just talk—he reportedly holds about 665,000 ETH, now worth just under $1 billion, down significantly from its $2.5 billion peak valuation.
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
Sun’s message also hints at something potentially game-changing: collaboration between the Tron and Ethereum ecosystems. While no formal details have emerged, any cooperation between two major blockchain networks could drive renewed innovation and broader adoption across both platforms.
Ethereum’s Network Struggles
While Sun is holding firm, the Ethereum network itself is flashing warning signs. Daily active addresses are down over 11% compared to last year, now hovering around 450,000. Although temporary spikes have occurred—briefly topping a million addresses—consistent engagement seems to be waning.
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
Even more telling is the drop in gas fees, now at a five-year low of just $0.168. While cheaper transactions might seem like a win for users, such low fees typically indicate reduced network activity and diminished demand.
Price Analysis: Bearish Pattern or Bullish Breakout?
Technical indicators suggest Ethereum could be forming a descending wedge—a bearish continuation pattern—with price consistently hitting lower highs and lower lows since mid-December 2024. If the pattern breaks down, ETH could fall further, potentially targeting the $975 range.
However, there’s still room for hope. If bulls can push Ethereum above the wedge’s upper trendline with enough buying volume, prices could rebound toward the $2,200–$2,400 resistance zone.
Currently, the Relative Strength Index (RSI) sits around 36, suggesting bearish dominance. The Balance of Power (BoP) indicator also leans negative at -0.49, reinforcing that sellers are in control—for now.
While Ethereum faces clear technical and fundamental headwinds, Justin Sun’s public commitment—and potential inter-chain collaboration—offers a glimmer of optimism. For investors, the message is clear: sentiment may be shaky, but conviction among crypto’s biggest players hasn’t budged.
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