Crypto Chaos: Trump’s Tariff Tweak Sends Ethereum Soaring, But Will it Last?

by

Crypto Chaos: Trump’s Tariff Tweak Sends Ethereum Soaring, But Will it Last? 🤑

Crypto Chaos: Trump’s Tariff Tweak Sends Ethereum Soaring, But Will it Last?

Oh joy, oh rapture! Ethereum (ETH) price has risen 13% in the last 24 hours, because who doesn’t love a good tariff tweak? 🤔 US President Trump has relaxed auto tariffs on Canada and Mexico, and suddenly everyone’s a crypto bull. 💸

Ethereum (ETH) Rallies to $2,270 as Trump Adjusts Tariff Policy 📈

It’s not like we’re talking about a real economy here, folks. No, no. We’re just talking about a bunch of made-up money that’s only worth something because we all agree it is. 🤑 But hey, if Trump says it’s cool, who are we to argue? 🤷‍♀️

So, ETH price surged 16.5% in the past 24 hours, because, you know, tariffs are just like, super important for the crypto market. 🤑 And now everyone’s all like, “Oh, look! Ethereum’s going up! We should buy it!” 🤑 (Spoiler alert: you shouldn’t.)

But wait, there’s more! On Tuesday, ETH price dropped below the psychologically critical $2,000 mark, and everyone was all like, “The sky is falling! The sky is falling!” 🌪️ But then Trump came along and said, “Hey, don’t worry, I’ll just relax the tariffs a bit,” and suddenly everyone’s all like, “Oh, look! Ethereum’s going up again! We should buy it now!” 🤑 (Spoiler alert: you still shouldn’t.)

$500 Million Staking Outflows After Petra Upgrade Could Stall ETH Rally Ahead of White House Crypto Summit 🚨

Oh dear, it looks like someone’s been playing the Ethereum price game a bit too aggressively. 🤑 On-chain data suggests that investor sentiment is, shall we say, “measured” rather than outright bullish. 😒 And it’s not like they’re just being cautious, nope, it’s more like they’re just trying to make a quick buck. 💸

At press time on Thursday, March 6, ETH 2.0 staking deposits had declined to 33.6 million ETH, reflecting a net withdrawal of over 25,000 ETH—equivalent to approximately $554 million at current market prices. 🤑 That’s a lot of money, folks. A LOT of money. 💸

And it’s not like it’s just a coincidence, nope, it’s more like they’re just trying to get out before the White House Crypto Summit, where Trump is set to meet with Ripple and Cardano founders to discuss regulatory policies for the digital asset industry. 🤑 Because, you know, nothing says “stable” like a bunch of politicians talking about crypto regulations. 😂

Ethereum Price Forecast: ETH Faces Resistance at $2,553, but Bulls Target Recovery 📊

So, ETH price is attempting a recovery after rebounding from local lows, but resistance levels and bearish momentum indicators remain a concern. 🤑 And by “bearish momentum indicators,” I mean the fact that everyone’s just trying to make a quick buck. 💸

Immediate resistance stands at $2,553, a critical threshold that must be reclaimed for bullish continuation. 🤑 But let’s be real, folks, it’s not like anyone’s actually going to care about that. 😂

On the downside, Ethereum remains vulnerable if bearish momentum intensifies. 🤑 And by “bearish momentum,” I mean the fact that everyone’s just trying to make a quick buck. 💸

For a bullish scenario to materialize, Ethereum must close above $2,270 in the short term to flip sentiment positive. 🤑 But let’s be real, folks, it’s not like anyone’s actually going to care about that. 😂

Read More

2025-03-07 02:39