Economic factors related to tariffs introduced by the Trump administration are significantly impacting the cryptocurrency market, including Ethereum.
Market Under Pressure
Ethereum's price has fallen below $1500 due to increased bearish pressure. Following the tariff announcements, a significant sell-off has resulted in nearly $78.8 million worth of Ethereum being liquidated.
Whale Activity Increases
According to IntoTheBlock, the volume of large Ethereum transactions has surged by nearly 520%. Large investors are actively purchasing Ethereum at current price levels, potentially setting the stage for future price increases.
Ethereum Price Outlook
Ethereum continues to show price declines, currently trading at $1458. If the price can maintain above certain levels, this could indicate potential upward movement. Otherwise, further declines may test levels around $1000.
While the current market situation raises concerns due to bearish trends, large investor activity may signal an opportunity for potential correction or price recovery in the future.
