Ethereum price today: $2,590
- Ethereum bears lead the market as President Trump announces plans for reciprocal tariffs on several countries next week.
- ETH’s decline mirrors that of the S&P 500, underscoring crypto’s rising correlation with the US stock market.
- Ethereum could decline to $1,200 if it breaks a descending channel’s lower boundary line and the $2,150 support level fails.
Ethereum (ETH) declined 4% on Friday following United States (US) President Donald Trump’s plan to announce reciprocal tariffs on several countries next week. The move increased global trade war tensions, which has heavily weighed on the crypto market in the past week.
Ethereum faces potential sell pressure if Trump goes ahead with reciprocal tariffs
In a meeting with Japanese Prime Minister Shigeru Ishiba, President Trump highlighted that the US would impose similar tariffs that other countries place on US goods, according…
