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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Analyst: The current price level of ETH worth following is $1800, with ETF fund outflows limiting market recovery.
Odaily Planet Daily News Bifinex analysts said that the downward trend of ETH is driven by global uncertainty caused by US import tariffs, trade war concerns, and lack of developer activity on the Ethereum network. He explained: "For ETH, $1,800 will be a strong level worth following, however, the current dumping is not only seen on ETH, we also see the entire market adjusting as concerns about tariff impact hit all risk assets." Digital asset investment platform Nexo analyst Stella Zlatareva said that the challenges facing Ethereum have been further exacerbated, and the continuous outflow of funds from the Ethereum ETF has restricted the price recovery of the asset. She added, "ETH fell by 20% last week, causing its price to fall below the key $2,200 trend line that has supported its bull market recovery since 2022. Like Bitcoin, the modest price trend may be attributed to ETF fund outflows." (Cointelegraph)