Ethereum's price continues to face resistance at the $4,000 level, creating uncertainty for investors. The global market situation and U.S. tariff policy are also influencing this dynamic.
Resistance at $4,000
ETH has repeatedly failed to break the $4,000 resistance level, indicating high selling pressure and a lack of bullish momentum. Investors are closely monitoring developments, particularly concerning macroeconomic factors and the performance of major markets.
U.S. Trade War and Its Impact on Global Markets
The ongoing trade conflict exacerbated by tariffs imposed by President Trump may adversely affect the world economy. Tariffs on imports from countries like Switzerland and Japan raise concerns about the broader economic implications, which could also impact demand for cryptocurrencies, including Ethereum.
Ethereum Price Outlook in a Volatile Market
Despite existing resistance, some analysts point out the potential for a breakout and positive indicators on charts. However, market conditions may hinder ETH's ability to break the established $4,000 level due to increasing trade tensions and overall economic uncertainty.
Amid growing market uncertainty and global trade conflicts, Ethereum's price continues to face significant pressure at the $4,000 mark. The evolution of this situation will determine further prospects for this cryptocurrency.
