Last week, Ethereum (ETH) saw significant growth of over 21% from the $1380 bottom, managing to recover some of its recent losses. This price surge followed a 90-day suspension of reciprocal tariffs for all countries by Donald Trump (except China facing a 125% tariff), creating a wave of temporary optimism in financial markets. However, Ethereum’s price remains below key levels, indicating a phase of consolidation and investor uncertainty. According to Glassnode data, all major segments of the altcoin market have faced severe declines in recent months, with prices dropping across the board simultaneously. Even Bitcoin and Ethereum, as more resilient assets, have recorded negative returns. Ethereum has lost over 60% of its value since December, raising concerns about the start of a bearish market in the altcoin sector. Currently trading around $1570, Ethereum has failed to maintain the key $1600 level and return to $1800. If the psychological support at $1500 is breached, further decline towards the range between $1300 and $1200 is possible. In the current scenario, investors remain cautious, with only a definitive return of Ethereum’s price above $1600 likely to restore some market confidence. You can track the live prices of all tokens and cryptocurrencies on the Instant Digital Currency Price page.
