What to know:
- Ether (ETH) is experiencing a significant decline, down 15% in the last 24 hours, amid market volatility due to U.S. President Donald Trump’s trade war threat.
- Bettors on Polymarket predict a 76% chance of Ether reaching $1,900 by the end of the month.
- Ether spot ETFs registered an outflow of $335 million last week.
Ether (ETH) is currently testing levels not seen since November 2023, rocked by market turbulence from trade war threats issued by U.S. President Donald Trump. In the past 24 hours, ETH has dropped 15%, according to CoinDesk Indices data, leading the CoinDesk 20 index—which tracks major digital assets—to decline by 16%.
Ether’s slump over the last three months highlights bearish investor sentiment and weak institutional demand, compounded by macroeconomic concerns including trade wars and inflation, which have dampened overall risk appetite.
Data from CoinGlass indicates that approximately $165 million in long Ethereum positions have been liquidated in the last 12 hours.
Polymarket market participants foresee a 76% chance of ETH hitting $1,900 by the end of March. Last week, Ether ETF outflows were notably negative, amounting to -$335 million.
