Why Is Ether Down Today? Market Fears and Growing Supply Help Fuel 5% Slide

Quick Summary:

Despite the bearish performance, analysts note a potential setup for a price bounce as bearish sentiment impacts ETH.

President Donald Trump announcing plans to unveil reciprocal tariffs next week, escalating fears of a trade war with the country’s major trading partners.

Despite the bearish performance, analysts have pointed out ether’s price is mirroring a pattern it saw before that was followed by renewed bullish momentum.

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Article Details

Author / Journalist: Francisco Rodrigues

Category: Crypto

Markets: United StatesCuba

Topics: Ether Ethereum Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-08 @ 16:07:19 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 413 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 25983014

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Main Topics: Crypto

Official Website: coindesk.com

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Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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