#Ethereum #ETH @eth

Over the past 24 hours, Ethereum (ETH) has experienced a decline of approximately 3.55%, with its price decreasing by $81.96. The current price stands at $2,227.77, down from the previous close. During this period, Ethereum reached an intraday high of $2,329.82 and a low of $2,082.75.

Several factors have contributed to this downturn. Notably, President Trump's announcement of new tariffs on Mexico, Canada, and China has raised concerns about economic growth and inflation, leading to increased risk aversion among investors. This sentiment has negatively impacted the cryptocurrency market, including Ethereum. Additionally, the market has seen significant outflows from crypto ETFs and was affected by a major hack at the crypto exchange ByBit. These events, coupled with broader macroeconomic uncertainties, have added downward pressure on Ethereum's price.

Despite the recent decline, some analysts remain optimistic about Ethereum's long-term prospects. For instance, Standard Chartered predicts that Ethereum could reach $10,000 before President Trump leaves office.

It's important to note that the cryptocurrency market is highly volatile, and prices can change rapidly. Investors should stay informed about market developments and consider their risk tolerance before making investment decisions.