The atherium has fallen below $ 2,100 since December 2023, which has reached its lowest level since December 2023 due to Trump Tarif’s concerns.
According to crypto.news price data, the cryptocurrency is 15% below the last 24 hours, trading at $ 2,063. The drop follows a short -term rally after Donald Trump’s announcement of the US Crypto Strategic Reserve on 2 March, which briefly pushed Eth over above $ 2,500.
However, Trump confirmed that the latest tariffs on China, Canada and Mexico will be applicable on March 4, which raises concerns about comprehensive economic instability, to move the market spirit.
This announcement led to the price of Etherium (Ath) of the Etherium, which fell below the pre-pump level of about $ 2190. Decentralized finance activity and the atherium futures market indicate the speed of the atherium of the atherium. According to co -coating, open interest in ETH futures has reduced by 10% in the last day. data,
On the other hand, Defi TVL declined the lowest this year, declining from $ 71 billion in January to $ 48.1 billion till March 4. Since March 1, Stabeloin has become $ 109 million in the outflow, indicating a decrease in liquidity, as shown by the defilma. data,
Etharium whales are also seen cutting back on their holdings. Lukanchen reported a significant transaction, with 30,000 atheriums, approximately $ 68 million, on March 4, Falconux and Galaxy Digital were discontinued, from a wallet associated with the origin.
The Ethereum is displaying a high risk of decline on the technical front. Oversold is coming on RSI 34, which suggested low procurement pressure. Moving average indicates a strong dowtrand, with major levels with ETH trading such as 10-day EMA at $ 2,338 and 50-day SMA at $ 2,852.
Although the osterators display conflicting signs, negative speed and MACD reading means that the feeling of recession is increasing. The nearest support is at $ 2,069, with resistance at $ 2,163 and $ 2,321. If the tendency of recession persists, then there may be a lot of decline experience in the coming days.
Some upcoming incidents may provide a turn. Etharium pectra upgrade, sets for April, scalability and stacking are expected to increase flexibility, possibly attracts more network activity. Investors are also keeping a close watch on the First White House Crypto Summit on 7 March, which can provide more information about the plans for Trump’s Crypto Strategic Reserve.
