Ethereum has experienced its largest 24-hour loss in nearly four years, falling almost 27% and trading just above $2,100. This decline comes amid a broader crypto market downturn triggered by concerns about Donald Trump's trade wars. Other cryptocurrencies including Bitcoin, XRP, Solana, and Dogecoin have also seen significant losses. The market downturn has resulted in over $2.22 billion in trader losses in the past 24 hours, with ETH long traders experiencing the most losses. Despite the challenging market conditions, some analysts believe that Ethereum will rebound, describing the current situation as a rare buying opportunity. Patient ETH holders are expected to be rewarded in the long run. Furthermore, Ethereum has reached a major long-term support level according to Into The Cryptoverse founder Benjamin Cowen, who highlights the logarithmic regression trendline as a positive indicator for the asset.



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