Ether risks correction to $1.8K as ETF outflows, tariff fears continue
Ether has fallen over 53% since December, as analysts warn of lower lows amid trade war concerns and mounting ETF outflows.
Ether is struggling to reverse a near three-month downtrend as macroeconomic concerns and continued selling pressure from US Ether exchange-traded funds (ETFs) weigh on investor sentiment.
Ether (ETH) has fallen by more than 53% since it began its downtrend on Dec. 16, 2024, after it had peaked above $4,100, TradingView data shows.
The downtrend has been fueled by global uncertainty around US import tariffs triggering trade war concerns and a lack of builder activity on the Ethereum network, according to Bitfinex analysts.
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Author: Zoltan Vardai
