The price for Ether (Eth) has decreased by over 5% to around 1,900 US dollars on March 28 within the last 24 hours. Ethers Bärische Beren reflected similar downward movements elsewhere on the cryptocurrency market, whereby the full capitalization decreased by about 2.67% to 2.78 trillion dollars.
ETH/USD 4 -hour price diagram. Source: CoinTelegraph/Tradingview
Several aspects contribute to ETH price loss, including:
Trumps 25% of the automotive duties Spook ETH investors
An necessary macroeconomic force that influences the value of ether is the renewed tariff warrior of US President Donald Trump, who caused tensions amongst investors.
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On March 26, 2025, President Trump announced a tariff of 25% for all cars and light-weight trucks that were imported into the USA and are to come back into force on April 3.
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Market participants are concerned that this might possibly trigger an additional sale in cryptocurrencies and reduce prices.
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The 25% tariff for automotive imports is geared toward large trading partners akin to Mexico, Canada, Japan and Germany.
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While Trump commissiones this as a technique to strengthen the American automotive industry, the direct effects should rattle the worldwide markets, particularly the risk-on assets akin to ETH.
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When Trump imposed tariffs in Canada, Mexico and China in the beginning of March, ETH fell from $ 3,400 to $ 2,100 in lower than 72 hours before it partially recovered.
The Mexican President Claudia Sheinbaum said that after April 2, her government will give a comprehensive answer to the tariffs, reported the Kobeissi letter and added:
“Mutual tariffs of mutual tariffs come.”
The fears of a trade war and a possible US recession are frightened, the investors of volatile assets akin to ETH change the value and drive the value.
Long liquidations speed up ETH downrend
Ethher's fall within the last 24 hours fell with a wave of long liquidations, the dealers forced to go away their lifted positions.
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ETH Total Liquidation Chart. Source: Coinglass
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The sharp drop in price triggered a cascade forced to sell out, since retailers who depend on the value increase of Ethereum were liquidated.
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Such liquidations speed up the decline in price and tighten the downturn.
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The broader cryptom market also recorded a pointy event for dismantling. Within total liquidations, 353 million US dollars achieved in all assets.
Krypto market liquidations (24 hours). Source: Coinglass
The ETH confronts an additional decline in comparison with $ 1,200
The price -technical processes from Ether also look weaker, particularly the prevailing bear flag pattern.
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A bear flag indicates a continuation of the bear impulse.
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A short lived consolidation (flag), which was formed near $ 2,200, which led to a failed outbreak.
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The ETH fell under a very powerful support levels and confirmed the bear flag base encryption.
ETH/USD Daily Chart. Source: CoinTelegraph/Tradingview
The ETH has “suffered an increasing number of declines”, which is because of a three-year high of $ 4,100 on December 16, 2024, said the Data Provider Cryptoquant in its latest report and added:
“This reflects a weaker recreational impulse and a better volatility.”
Top 5 cryptocurrencies: percentage drawdown from all -time highs. Source: Cryptoquant
As already reported by CoinTelegraph, the recent deduction of the value of ether excessively reflected the bearish expectations, however the increasing activity of Ethereum networks and the reduction of the offer to stock exchanges could create the stage for a recovery of $ 2,500.
This article doesn’t contain investment advice or recommendations. Every investment and trade movement is the danger, and readers should perform their very own research results in the event that they make a choice.
