The price of Ethereum's Ether (ETH) continues to decline without major liquidations.
ETH Dipping Without Major Liquidations
Market intelligence firm IntoTheBlock noted that the recent price drops of ETH have not led to substantial liquidations. This might be due to a decrease in high-risk loans across lending platforms as investors take a more cautious approach amid potential global tariff concerns.
Current ETH Price Situation
The economic uncertainty in the United States has increased following the announcement of tariffs, wiping out approximately $400 billion from the market and reducing overall capitalization by 11% in one day. ETH's price fell from $2,800 to $1,760 since early February, decreasing by 13% after recent failed attempts to stay above $2,000.
ETH Price Outlook
ETH buyers have found support around the $1,800 level. Currently, Ether is roughly 60% down from its mid-December high of $3,990. Last week, $1.8 billion worth of ETH left exchanges, indicating possibly increased buying sentiment.
The fall in ETH is accompanied by the absence of major liquidations, possibly indicating investor interest in using the current situation as a buying opportunity.
