At around $2,106.70 on February 28, 2025, Ethereum (ETH) is in the midst of a severe decline. With a loss of almost 50% since December 17, 2024, this is a significant drop from its peak of $3,040 on January 31, 2025.
Geopolitical events, particularly the announcement of upcoming tariffs by U.S. President Donald Trump, are mostly to blame for the current market volatility. A 25% tariff on Canadian and Mexican goods and a 10% duty on Chinese imports are scheduled to go into effect on March 4. As a result, riskier assets, such as cryptocurrencies like Ethereum, have been sold off.
According to technical analysis, Ethereum has broken through important support levels; $2,000 is the next crucial target. A decline below this psychological threshold would indicate additional drops and possibly put support at $1,800 to the test. The Currency Analytics Plus
Some analysts are still upbeat about Ethereum’s long-term potential despite the current downward trend. A recovery in the upcoming months may be made possible by elements like technological breakthroughs and clearer regulations. MarketWatch
