Following several announcements by Donald Trump regarding tariffs, the crypto market has faced increased volatility, leading Ethereum's price to drop below $2000.
Whale Pressure Drops
Recent data from Coinglass shows equal trading activity as Ethereum remains under $2500. In the past 24 hours, Ethereum faced a total liquidation of approximately $47.87 million. Key investors are using lower price levels to purchase ETH ahead of the upcoming summit.
What’s Next for ETH Price?
The ETH price recovered toward $2300, yet failed to surge further due to strong resistance. As of writing, Ethereum is trading at $2200, having dropped 0.9% in the last 24 hours.
Strategies of Major Investors
Many major investors, including the Trump-endorsed World Liberty Financial, are actively increasing their holdings of ETH amidst the current price dip. This suggests potential accumulation ahead of crucial crypto industry events.
Despite current price fluctuations, analysts anticipate a rebound in ETH prices ahead of significant industry events. The focus of large investors on Ethereum pricing may indicate long-term buying strategies.
