Ethereum bleeds 20% amid market turmoil, but analysts see rebound potential to $2,700

Ethereum has undergone a sharp decline, diving almost 20% in the last 24 hours and currently negotiating about $ 2,500.

Ethereum (Ethn) The price fell below the level of critical support of $ 3,000, up to around $ 2,500, marking one of its most serious sales in recent years. This slowdown follows Trump’s decision to present 25% Prices In Canada, Mexico and China, triggering the broader uncertainty of the financial markets.

Given the correlation of crypto with traditional financial markets, ETH and Other digital active ingredients have followed suit.

Linen data suggests that the sale of panic among the whales contributed to the accident. The great holders of Ethereum have unloaded significant quantities, triggering a wave of cascading liquidations.

Crypto trader MaxBecaulebtc said Its 66,000 subscribers on X that it was the largest Ethereum liquidation event in more than two years “with the most negative funding”, comparing it to the accident cocoid of March 2020. He added that “those who remain around will be rewarded ”.

MaxBecausbtc is not the only one in its optimism. Felix Hartmann, founder of Hartmann Capital, said in A post on x that the recent slowdown is the result of the “forced sale” and that “prices can be dislocated”.

In the same vein, the Partner of Capital Mechanism Andrew Kang suggested The ETH can be occurred and could be reset to $ 2,700.