Ethereum (ETH) is experiencing a significant drop, reaching $1,755. This event aligns with broader market instability caused by macroeconomic pressures and bearish technical signals.
Macroeconomic Pressures and Market Sentiment
The crypto market is facing pressure due to global economic uncertainty, triggered by recent tariff impositions by U.S. President Donald Trump. These measures have sparked fears of a global trade war, inflation, and high interest rates. Historically, investors have avoided volatile assets like Ethereum under such conditions. Additionally, the market faced significant liquidations: data indicates over $240 million worth of ETH positions were liquidated within a 24-hour period, accelerating the price drop.
Technical Analysis of ETH/USDT
From a technical perspective, the chart shows a long-term trend and recent decline in ETH. Since 2023, Ethereum rose steadily to a peak of approximately $3,900 in 2025. However, the chart now indicates a bearish formation, signaling weakening momentum. The current price is well below the 200-day EMA, affirming a bearish bias.
Market Capitalization and Outlook
The combined market cap of the entire crypto industry currently sits at $2.7 trillion, showing a decline of over 5.6% in the last 24 hours. The future development depends on global economic conditions and potential recovery in market demand.
Ethereum continues to face pressure due to challenging economic conditions and technical factors indicating a bearish market. Recovery may occur with the stabilization of market conditions and alleviation of global economic risks.
