Ethereum and NEAR slip as Trump speech and geopolitics pressure crypto
Crypto markets are under pressure after former U.S. President Donald Trump’s national address, with risk appetite weakening and Bitcoin holding near $67,000. Analysts say ongoing geopolitical tensions may prolong the downturn, limiting quick recovery.
NEAR is in the spotlight after a prolonged altcoin correction. Market commentator “Altcoin Sherpa” said he exited his NEAR position but still views the 0.618 Fibonacci zone as solid support, reinforced by converging EMAs. Traders are watching whether NEAR can hold above $1.23. If it does, the next resistance sits near $1.297; failure would keep recovery prospects capped.
Ethereum (ETH) remains the key for broader altcoin momentum. ETH has not reclaimed the crucial $2,100 level and is hovering around $2,050. Analyst “DaanCrypto” warns that unless ETH breaks out of its current trading channel, upside attempts may simply confirm a bearish trend. Support is described around $1,900, with a deeper level near $1,500 if selling accelerates.
On positioning signals, “Mister Crypto” notes buyer activity is at its highest since 2022, but spot and ETF flows do not clearly confirm it. Additionally, alleged large ETH purchases by Drift protocol hackers may distort on-chain readings.
Institutionally, Ethereum-focused ETFs recorded an outflow of $71.2 million yesterday, pushing ETF assets to levels last seen in August 2025—suggesting sustained caution.
Keywords: Ethereum, NEAR, Bitcoin, ETF flows, altcoin support/resistance.
Bearish
The article frames a risk-off environment driven by Trump’s address and continuing geopolitics. For traders, this matters because it aligns with weak ETH momentum (failure to reclaim $2,100) and cautious institutional positioning (ETH ETF outflows). NEAR also faces a typical late-stage correction pattern: bulls need to defend a specific support band (above ~$1.23) while upside is capped until resistance (near ~$1.297) is reclaimed.
Historically, similar phases—when macro headlines dampen sentiment and ETFs show consistent outflows—often produce choppy price action rather than a clean reversal. In the short term, ETH’s inability to break key zones (around $2,100; then risk layers at ~$1,900 and ~$1,500) increases the probability of renewed selling and volatility spikes. In the longer term, if ETF outflows stabilize and ETH reclaims breakout levels, altcoins like NEAR may rebound more sustainably; otherwise, rallies may remain corrective.