Tron Founder Justin Sun Remains Optimistic Amid Ethereum Price Decline

Justin Sun, the founder of Tron, has committed to holding onto his Ethereum despite a 20% price drop and aims for collaboration between Tron and Ethereum. However, Ethereum faces challenges with declining user activity and record-low transaction fees. Technical analysis suggests potential bearish trends, urging careful market scrutiny and professional advice before trading decisions.

Tron founder Justin Sun has publicly stated his unwavering commitment to holding his Ethereum (ETH) assets, despite a recent price drop of approximately 20% in the past week. He currently possesses around 665,000 ETH, which has seen its value decline from previous highs of $2.5 billion to just under $1 billion. Sun’s confidence remains intact; he aims to explore collaborative opportunities between the Tron and Ethereum ecosystems, suggesting a focus on joint development in the blockchain sector.

In terms of network performance, Ethereum faces notable challenges. The number of daily active addresses has declined by over 11% year-on-year, with around 450,000 recorded by mid-April 2025. Despite occasional spikes in user activity exceeding one million addresses, the overall trend points to diminishing user engagement on the network. Furthermore, Ethereum’s transaction fees have plummeted to their lowest levels in five years, now averaging just $0.168, indicating reduced demand for network transactions.

Market analysis indicates a continuing bearish trend for Ethereum’s price, marked by a descending wedge pattern since mid-February 2025. A potential breakdown below the lower boundary could see prices range between $975 and $1,575. Conversely, should bullish momentum prevail, a breakout above the wedge could target resistance levels between $2,200 and $2,400. Current technical indicators, including a Relative Strength Index (RSI) around 36.31, suggest a prevailing bearish market sentiment, emphasising the need for vigilant trading strategies.

Overall, while Justin Sun retains a bullish outlook despite market adversities, Ethereum’s network challenges and price dynamics reflect a complex landscape that warrants careful consideration for traders and investors alike. Readers are advised to seek professional advice before making financial decisions, accompanied by their own research to adapt to rapidly changing market conditions.