Ethereum has experienced a significant drop in price, falling below $2,100 and reaching its lowest level since December 2023. This decline comes in light of concerns over Trump's tariffs on China, Canada, and Mexico, which has raised worries about broader economic instability. Ethereum's drop follows a short-lived rally after Trump announced a U.S. Crypto Strategic Reserve, briefly pushing ETH above $2,500. The decline in price is accompanied by a decrease in decentralized finance activity and Ethereum futures open interest. Whales are also selling off their Ethereum holdings. On the technical front, Ethereum is displaying signs of a higher risk of decline, with the RSI approaching oversold levels and moving averages indicating a strong downtrend. However, upcoming events such as the Ethereum Pectra upgrade and the White House Crypto Summit may have an impact on Ethereum's future performance.



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