💣 $ETH Braces for Impact — Trump’s Trade War Rattles Crypto Markets
After President Trump imposed new EU and Apple tariffs, Ethereum fell 3%.
Buying pressure from US spot Ether ETFs and whales has kept the market optimistic.
If ETH falls below $2,500
Ethereum (ETH) fell 3% on Friday, continuing the crypto market's drop after President Trump threatened tariffs on the EU and Apple. The leading cryptocurrency faces double-digit losses if it goes below $2,500.
If tariffs increase selling, Ethereum may fall again.
President Trump's warnings of a 50% tariff on the EU and a 25% tax on foreign Apple phones sparked a crypto market slump. The Trump statement spooked investors, sending Ethereum from a weekly high of $2,700 down below $2,600 at publishing.
ETH recovered in April after a catastrophic Q1 underperformance that saw it drop more than 50% due to Trump's retaliatory tariffs on foreign trade partners. Ethereum rose over 70% from $1,470 on April 7 to almost $2,700 on Thursday as the US reached trade partner deals and eased tariff worries.
Ethereum's drop after reaching over $2,700 this week continued a two-week pattern of increased selling pressure when prices reached $2,800.
"There is a significant concentration of investor cost basis levels around the $2,800 level," Glassnode analysts said Tuesday. "This area may see further sell-side pressure.
SoSoValue reported $110.54 million in net inflows for US spot ETH ETFs on Thursday, their largest daily inflow since February 4.
Coinglass data shows Ethereum futures liquidations of $143 million in 24 hours. Liquidated long and short positions total $103.6 million and $39.4 million.
ETH was rejected after climbing over 3% on Thursday approaching the ascending triangle pattern's $2,750 barrier. The top cryptocurrency fell 3% and is trying to maintain $2,500 and the ascending triangle's rising trendline.
ETH might lose double-digits to the $2,260–$2,100 region if it breaks current support levels. To rise again, ETH must break $2,750–2,850 barrier.
#TrumpTariffs #ETH $ETH
Goodbye Predictions – Whales Now Rule the Crypto Market
In the rapidly evolving cryptocurrency sphere, the traditional reliance on technical analysis and conventional market predictions is increasingly challenged. Whale investors—those holding significant crypto assets—are exerting outsized influence, making market movements highly sensitive to their actions. Traders and analysts note that this shift introduces greater volatility and unpredictability, compelling new strategies that account for the “whale effect.” These large holders can absorb or release liquidity, causing price swings that defy traditional indicators, suggesting that success now requires more nuanced observation of whale movements rather than historic trend reliance.
🤣 Trump Buys a Meme, Market Loses Its Mind 🤯
Trump’s crypto squad World Liberty Financial just aped into BUILDon ($B) — a meme coin powered by AI and maybe pure patriotism.
📈 Price instantly went full MAGA: +500% in 24h
💸 WLFI dropped 25,000 of their own stablecoin USD1 on it
📦 Token now sits at $0.218, market cap mooning past $210M
WLFI is also under legal fire, but says they're “too busy building” to worry about regulations. Built different, clearly. 🤷
Never underestimate the power of memes, AI, and a Trump-branded wallet. 😁
BTC Hits New All-Time High Above $111,000 Before 2.69% Pullback Amid Volatility Surge
Bitcoin is currently trading at $108,232.41, reflecting a 2.69% decline over the past 24 hours from a 24h open of $111,227.29, with a circulating supply of approximately 19.87 million BTC and a 24-hour trading volume ranging between $28.21 billion and $62.11 billion. The recent price correction follows a surge to a new all-time high above $111,000, driven by strong institutional inflows into Bitcoin ETFs, improved U.S. regulatory clarity, and increased adoption by major financial institutions; however, the pullback is attributed to renewed global macroeconomic concerns, including new U.S. tariffs on European imports, profit-taking by short-term investors, and signs of market overheating, leading to increased volatility and cautious sentiment in the short term.