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Ethereum fell to less than 2100 dollars, and has reached its lowest level since December 2023, as it was related to Trump’s tariffs.
The cryptocurrency has decreased by 15 % over the past 24 hours, trading it at $ 2063, according to the price of Crypto.News Data. This decrease follows a short -term gathering after Donald Trump’s announcement on March 2 of an American encryption strategic reserve, which briefly pushed ETH above $ 2500.
However, Trump’s assertion that the new customs tariff for China, Canada and Mexico will enter into force on March 4, causing market morale, which raised concerns about broader economic instability.
The advertisement caused Ethereum (Eth) The price is to decline, and less than the large pre -pump level decreased by about 2190 dollars. The decentralized financing activity and the Ethereum Futures market on both indicate a decrease in ETHEREUM momentum. The open interest in futures ETH decreased by 10 % during the last day, according to Codinglass Data.
Defi TVL, on the other hand, reached the lowest level this year, as it decreased from 71 billion dollars in January to 48.1 billion dollars from March 4. Data.
Ethereum whales seem to cut their property as well. Lokonchain has reported an important treatment in which 30,000 ETHEREUM was emptied, about $ 68 million, to Falconx and Galaxy Digital on March 4 of a composition connected.
ETHEREUM shows greater risk of decline on the technical front. RSI approaches the sale in 34, indicating low purchase pressure. The moving averages indicate a strong declining direction, where ETH is trading less than the main levels such as EMA for 10 days at $ 2,338 and SMA for 50 days at $ 2,852.
Although the oscillator displays conflicting indicators, negative momentum readings and MACD readings indicate that the homosexual feelings are growing. The closest support is $ 2,069, with resistance at $ 2,163 and $ 2,321. drops In the coming days if the declining direction continues.
Some upcoming events can provide a turning point. Pectra ethereum PromotedApril is expected to enhance expansion and flexibility, and may attract more network activity. Investors also monitor the first encryption of the White House summit On March 7, which may provide more details about Trump’s plans for the strategic encryption reserve.
