ETH: Still optimistic and in transformation
Previously, ETH showed a strong bullish trend, but recent economic events have shaken things up.
On Friday, U.S. President Donald Trump announced a 50% tariff on the European Union, set to begin on June 1, 2025. This caused uncertainty in financial markets, triggering selling pressure on ETH, which dropped to $2,463—a key support level.
However, over the weekend, Trump extended the EU negotiations deadline until July 9, for talks between Washington and the 27-nation bloc to produce a deal.
If ETH holds the $2,463 support level, we could see another upward push in price.
You may find more details in the chart!
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