Ether (ETH) has experienced a decline in price, dropping more than 5.1% in the past 24 hours to below $2,600. This has contributed to a nearly 4% decrease in the CoinDesk 20 Index. The market downturn can also be attributed to concerns over a potential trade war due to U.S. President Donald Trump's plans for reciprocal tariffs. In addition, factors specific to Ethereum, such as an increase in circulating supply and the delayed decision on listing options contracts for BlackRock's iShares Ethereum Trust (ETHA), have impacted ether's performance. However, analysts have noted similarities to a previous pattern that preceded a bullish momentum, suggesting the potential for a bounce back once the crypto market stabilizes.



Other News from Today