$ETH

The price of Ethereum dropped by 4.00% last week and is currently trading at $1,777.2. The weekly chart shows that Ethereum is struggling to stay above the resistance level of $2,075, leading to a continued sell-off. Macroeconomic issues have contributed to Ethereum's further decline, joining the downward trend. The 43.36% drop in Ethereum since the beginning of the year indicates a bearish trend. The risk of rising inflation, deteriorating economic news, and impending tariffs has raised doubts in financial markets, and the prices of cryptocurrencies have fallen.