Ethereum drops below $2,100 for the first time in 15 months Ethereum has fallen below $2,100, hitting its lowest level since December 2023 as Trump tariff concerns rattle markets The cryptocurrency is down 15% in the past 24 hours, trading at $2,063, according to crypto.news price data. The drop follows a short-lived rally after Donald Trump’s March 2 announcement of a U.S. Crypto Strategic Reserve, which briefly pushed ETH above $2,500.
However, Trump’s confirmation that fresh tariffs on China, Canada, and Mexico will go into force on March 4 has caused market sentiment to shift, raising concerns about broader economic instability.
The announcement caused Ethereum’s Ethereum
-14.35%
Ethereum price to plummet, dropping below its pre-pump level of about $2190. Decentralized finance activity and the Ethereum futures market both indicate Ethereum’s declining momentum. Open interest in ETH futures has dropped by 10% over the last day, according to Coinglass data.
DeFi TVL, on the other hand, has hit the lowest this year, declining from $71 billion in January to $48.1 billion as of March 4. Since March 1, there has been $109 million in stablecoin outflows, indicating a decrease in liquidity, as shown by DeFiLlama data.#qasimmughal
