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🔥🚨Ethereum Faces Pressure Amid Trump's Tariff Announcement💸💯
Ethereum ($ETH ) saw a sharp 7% decline within 24 hours following former U.S. President Donald Trump’s announcement of a 25% tariff on European goods. The move, revealed during his first cabinet meeting of his second term, also hinted at a potential delay in tariffs on Canada and Mexico until April 2. This development has heightened concerns among investors, leading to significant market turbulence.
The broader cryptocurrency market, including Bitcoin (BTC), XRP, and Solana (SOL), also experienced downturns as macroeconomic factors increasingly influence digital assets. Ethereum’s weekly losses have now reached 15%, with investors offloading their holdings to mitigate potential further declines. According to Network Realized Profit/Loss data, investors collectively lost $500 million over the past three days. Additionally, Coinglass reports that Ethereum ETFs recorded net outflows of $50.1 million on Tuesday, marking the fourth consecutive day of negative flows. Futures liquidations reached $116.28 million, with long positions accounting for $86.81 million and shorts for $29.47 million.
ETH’s technical outlook remains under pressure. The asset recently rebounded from the lower boundary of a descending channel but was unable to break resistance at $2,560. With Ethereum once again testing this critical support zone, a breakdown could drive prices below $1,500 if $2,200 fails to hold. As the crypto market becomes increasingly sensitive to global economic shifts, investors are closely watching for further developments.
#EthereumMarketUpdate #CryptoVolatility #ETHTechnicalAnalysis #BinanceTradingAlerts #CryptoInvesting
Ethereum ($ETH ) saw a sharp 7% decline within 24 hours following former U.S. President Donald Trump’s announcement of a 25% tariff on European goods. The move, revealed during his first cabinet meeting of his second term, also hinted at a potential delay in tariffs on Canada and Mexico until April 2. This development has heightened concerns among investors, leading to significant market turbulence.
The broader cryptocurrency market, including Bitcoin (BTC), XRP, and Solana (SOL), also experienced downturns as macroeconomic factors increasingly influence digital assets. Ethereum’s weekly losses have now reached 15%, with investors offloading their holdings to mitigate potential further declines. According to Network Realized Profit/Loss data, investors collectively lost $500 million over the past three days. Additionally, Coinglass reports that Ethereum ETFs recorded net outflows of $50.1 million on Tuesday, marking the fourth consecutive day of negative flows. Futures liquidations reached $116.28 million, with long positions accounting for $86.81 million and shorts for $29.47 million.
ETH’s technical outlook remains under pressure. The asset recently rebounded from the lower boundary of a descending channel but was unable to break resistance at $2,560. With Ethereum once again testing this critical support zone, a breakdown could drive prices below $1,500 if $2,200 fails to hold. As the crypto market becomes increasingly sensitive to global economic shifts, investors are closely watching for further developments.
#EthereumMarketUpdate #CryptoVolatility #ETHTechnicalAnalysis #BinanceTradingAlerts #CryptoInvesting
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