CandleFocus Ethereum bleeds 20% amid market turmoil, but analysts see rebound potential to $2,700
2025-02-03
Author: Content Editor
The price of Ethereum (ETH) has experienced a significant decline, falling nearly 20% in the past 24 hours and currently trading around $2,500. This drop is attributed to broader market uncertainty caused by Trump's decision to impose tariffs on Canada, Mexico, and China. Panic selling among large Ethereum holders has further contributed to the crash, triggering a wave of liquidations. Despite the downturn, some traders and experts remain optimistic, believing that those who hold on may be rewarded. There is speculation that the recent decline may be a near-term capitulation and that ETH could recover and bounce back to around $2,700.
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