Why Ethereum Price is Down Today? ETH Leads Liquidation Event Amid Crypto Crash
Last weekend, a huge blood pond may occur in the cryptocurrency market. This may be the largest collision accident ever in history. It disappeared $ 2.24 billion in 24 hours. Ethereum was hit to the largest blow to below $ 3,000 and caused a liquidation of more than $ 600 million. This huge selling is triggered by President Trump’s new trade tariffs in the world’s new trade tariffs. These trade tariffs shocked investors’ confidence.
Ethereum leadership clearing event
Ethereum leads the allegations in this large -scale liquidation, according to dataEssence The Defi market is also facing panic sales, and these sales are rapidly spreading in all products. Other major cottage coins, such as Cardano and Solana, are noses and noses.
Analysts warned that if economic and political issues continue to exist, Ethereum and other cryptocurrencies may further decline. Now investors are looking for whether Bitcoin and Ethereum can maintain a key level of support, or whether the market will see more downward movements.
What causes the price of Ethereum to collapse?
The real culprit behind the downward trend is that the trade war between the United States and other countries is underway. The United States has recently levied 25 % tariffs on goods in Canada and Mexico, and levies 10 % tariffs on Chinese products.
In response, Canada imposed tariffs on US commodities. President Trump is also considering tariffs on the establishment of currencies to EU and BRICS countries.
These trade tensions have led people to worry about inflation, reduced interest rates and increase economic uncertainty. Investors have hoped to make positive market rally, but they have seen a sharp decline.
Eliminate the “greedy” strategy of the market?
This large -scale selling has the most impact, which accounts for 36.8 % of the liquidation in major encrypted exchanges such as Binance. OKX, Bybit and Gate.io and other exchange have also seen huge losses. Most of the liquidation (84 %) comes from long traders, and they bet on the market rebound. Instead, they are facing huge losses.
As a market mood Turning to “fear”, many investors are cautious about their positions. Historically, the fear in the market will marked potential purchase opportunities, but because of the global tension and economic uncertainty, it is difficult to predict what will happen next.
Analysts weigh the current emotions
Peter Schiff, famous Bitcoin critic, Protruding In his X post, the recent decline in the encryption market is a sign of “long crypto winter”. He pointed out that Bitcoin’s 7 % decline, more than $ 93,000 transactions, 33 % of Ethereum, as low as $ 2,100. Schiff uses the famous PunxSutawney PunxSutawney Phil, which is known for predicting the length of winter, which indicates that the cryptocurrency market is declining for a long time.
At the same time, Bitcoin advocate Michael Saylor urged people not to sell their Bitcoin. The selling of cryptocurrencies was caused by macroeconomic issues, which led to a significant decline in Bitcoin and Ethereum, and the total market value decreased by nearly 360 billion US dollars.
