Ethereum price rebounds, but its chart suggests an imminent drop to $1,500. Ethereum (ETH) saw a modest rebound last Friday coinciding with an improved appetite among investors for risk assets across the crypto sector and traditional financial markets. However, the price of ETH - which remains slightly above $1940 - is still trending within a medium-term downward direction, especially since it is still down more than 50% compared to its all-time high of around $4,200 in December.

It is worth noting that most of the losses occurred over the last 3 weeks following a shift in the general sentiment of traders in the broader financial markets towards negativity. Markets tried to grasp the possibility that the Trump administration may have been pursuing short-term policies to harm the economy temporarily and prepare it for sustainable future growth, including the strict austerity policy of the Department of Government Efficiency (D.O.G.E.) aimed at reducing public expenditure waste, and trade wars aimed at relocating industries back to the United States. While some see the Trump administration as trying to slow down the pace of economic improvement to push for lower interest rates, there is a plan to refinance $9 trillion of government debt (approximately 25% of the total amount) later this year.