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#Ethereuem ETF
- Ethereum Price Predictions: Ethereum faces the risk of double-digit losses as President Trump issues threats to impose tariffs on the European Union and Apple:
The price of Ethereum today: 2540 dollars
Ethereum fell by 3% after President Trump announced new tariffs on the European Union and Apple.
The bullish market structure has not broken yet, supported by strong buying pressure from instant Ethereum funds in the United States and whales.
- Could Ethereum post double-digit losses if it falls below the key level of $2500.
Ethereum risks another round of decline if selling pressure from tariffs increases.
Following President Trump's new threats to impose tariffs of 50% on the European Union and 25% on Apple phones produced abroad, the cryptocurrency market experienced a swift correction. Ethereum dropped from a weekly high above $2700 to below $2600 at the time of publication as investors were spooked by Trump's announcement.
After a weak performance in the first quarter, Ethereum saw a decline of more than 50% following the tariffs imposed by Trump on international trading partners. The leading altcoin began to recover in April. With the United States reaching agreements with trading partners and easing tariff concerns, Ethereum rose by over 70% from its low of $1470 on April 7 to nearly $2700 on Thursday.
However, with Trump reigniting tariff threats, market sentiment shows signs of shifting towards a downturn as the weekend approaches. Ethereum reserves on exchanges, which have been on a downward trend since April 24, saw a slight increase of 70,000 ETH on Friday, according to CryptoQuant data.
Analysts wrote in a note to FXStreet: "The announcement of tariffs revives fears of a trade war, creating uncertainty around inflation, foreign exchange tensions, and global liquidity." They added: "Bitcoin and Ethereum have risen due to immediate demand, clean investment fund flows, and improving macroeconomic conditions. This system is now under challenge."
However, the market has not yet turned bearish as the recent price drop represents "a shock of major economic fluctuations, not a collapse of the cryptocurrency market structure," analysts noted.
At the same time, the subsequent decline of Ethereum after surpassing $2700 this week has extended the Ethereum trend, which has seen increased selling pressure as prices approached the key level of $2800 in the past two weeks.
Despite signs of risk reduction, intense buying pressure from whales and instant Ethereum fund investors in the United States may keep the top altcoin in a good position as the weekend approaches.
Ethereum spot funds in the United States recorded net inflows of $110.54 million on Thursday, the highest daily inflow since February 4, according to SoSoValue data. The positive inflows represent the fifth consecutive day of net inflows for the products. Additionally, Ethereum investors holding between 10,000 and 100,000 ETH increased their balance by 450,000 ETH last week, according to Santiment data.