Following the arrangements made by US President Donald Trump on automotive import taxes, Ethereum (ETH) $2,295.31 A significant increase in prices was observed. While this development has impact on uncertainty in the crypto money market, investors have a cautious attitude before the upcoming policy meeting. After the tax regulation, the risk appetite has increased and a positive atmosphere in the global markets is generally dominant.
The effect of automotive tax regulation on the market
Trump’s change to automotive import taxes has increased the risk appetite and paved the way for the formation of a positive atmosphere in the markets. The US President said that the regulation aims to alleviate economic uncertainty.
Following the tax regulation, ETH price showed a significant increase within 24 hours and progressed towards critical levels. However, this positive atmosphere in the market follows a cautious course because investors observe the effects of the upcoming policy meeting. Investors follow a patient attitude to evaluate the effects of tax regulation on the crypto currency market.
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Stinging shootings and short -term fluctuations
The Ethereum 2.0 network is on the agenda with its recent stinging shootings. It was observed that a significant amount of ETH was withdrawn from Stinging, especially after the Pectra raise. This points to the expectations of investors’ short -term earnings. Most of the ETHs withdrawn returned depending on market conditions. This has become a factor that increases short -term fluctuation expectations.
Technical analysis also shows that ETH prices are forced at certain resistance levels. ETH, trying to stay above $ 2,553, has difficulty in reaching $ 2,800 and $ 3,200. At this point, investors continue to be careful against short -term fluctuations.
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.
