The largest subcoin Ethereum (ETH) $2,102.07 And other leading crypto coins fell hard on Tuesday. The US triggered the reduction of expectations for strategic crypto currency reserves and increasing trade tensions in the markets. US President Donald Trump announced that additional customs tariffs to be applied to Canada, Mexico and China will walk within hours. Ethereum price It has decreased to the levels that have not been seen since November 2023 and fell to 2 thousand 50 dollars with 15 percent loss in the last 24 hours. So, how long can the largest Altcoin fall?
Why does Ethereum fall and perform badly?
Ethereum has been in a stable decline for the last three months. Bitcoin (BTC) 
$83,958.40 While performing weak performance in the face, investor’s interest is reduced. Macroeconomic uncertainties, inflation concerns and weakness in stock exchanges also contribute to this decrease.
The largest in recent years altcoin‘s open positions in the futures decreased by 10.8 percent to 18.8 billion dollars. At the same time, according to Coings’ data, the position of $ 209 million in the last 24 hours was liquidated. Data in Polymarket forecasting markets show the likelihood of Ethereum to decline to a thousand $ 900 by the end of March as 76 percent.
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Spot Ethereum ETF‘s in recent weeks have been the scene of serious outputs. Last week, a total of $ 335 million background Spot Spot Ethereum ETFs came out. Blackrock’s Ishares Ethereum Trust (ETHA) fund took the largest coup and has been a $ 164 million investor output since 24 February. ETHA shares decreased by 38.6 percent since the beginning of the year and fell to $ 16.09. ETF‘s, December 2024’deki peak levels of 49 percent of the worried investors worried. Pro -gold economist Peter SchiffIn the opinion that Ethereum has the potential to fall further.
Is the worst first quarter in the history of ETH?
Ethereum has fallen 36 percent since the beginning of the year and is moving towards the worst first quarter in its history. Analyst Venturefounderthe largest Altcoin falls to thousands of $ 600, the worst of the first quarter performance in history, he said. Even in the bear market in 2018, there was no such decline.
The nearest level of support for ETH is 2 thousand 20 dollars. If the price hangs below 2 thousand dollars, there is a risk of falling to 880 dollars. If a deeper wave of sales arrive, the price may decline to a thousand 750 dollars and a significant support point.
The fact that Ethereum falls to $ 2,000 is seen as a long -term purchase opportunity for some analysts. Crypto Money MarketWhile the volatility is expected to continue, investors who want to enter at low levels can return to the market. However, market indicators still give negative signals. For this reason, possible recovery will be shaped depending on general market conditions and network activities of Ethereum.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
