The cryptocurrency market faces new challenges this weekend, with declining investor interest amidst tariff uncertainties. Bitcoin, Ethereum, and Solana are in sharp focus.
Ethereum vs Previous Levels
At the beginning of the trading session, Ethereum briefly climbed above $2,700, but soon retreated to $2,644. The overall market volume dropped to $128 billion, while Bitcoin experienced a 4% decline. Meanwhile, Ethereum managed to hold its ground without substantial weekly losses.
Challenges for Solana and CHZ
Upcoming tariff negotiations in June are expected to heighten market tension. The success of these negotiations is crucial for Ethereum, which needs to reclaim the $2,362 support level. Solana's current price is $168, and failing to hold $172 could lead to declines towards $125. For CHZ, a resurgence of market enthusiasm is necessary, with $0.039 serving as a critical test level.
General Uncertainty in the Crypto Market
The cryptocurrency market remains under pressure due to uncertainty surrounding tariff developments and political events. Investors are advised to monitor key price levels for Ethereum, Solana, and Chiliz, as these can have a significant impact on market psychology.
Uncertainty continues to loom over the cryptocurrency market as investors keep an eye on political developments and tariff negotiations. Focus will remain on critical levels for major cryptocurrencies.
