Ethereum (ETH) and the crypto market have been facing turmoil in recent weeks, with the Ethereum price crashing by 10% amid bearish sentiments influenced by Donald Trump’s tariff plans and other events. As a result, short-term holders have lost over $400 million, causing fear among investors. However, despite the sell-offs by whales, reports indicate that long-term holders are maintaining bullish sentiments, with experts predicting a complete recovery as ETH is currently trading at $1,859.51.
Despite the recent price crash, experts are advising investors to buy the Ethereum dip, believing that ETH is at its lowest point and could rally by 700% by the end of the year. Analysts cite macroeconomic factors like Trump’s tariffs and inflation concerns as the main drivers of the downtrend, rather than a break in historic cycles. They anticipate that upcoming macroeconomic events, such as tariff announcements and inflation reports, could assist in the recovery and trigger a significant ETH price rally, with predictions reaching as high as $5,000.
Analysts also point out that historical performance, such as ETH’s 2017 rally from $30 to $1400, combined with macroeconomic events, hints at an upcoming rally in Ethereum’s price. They believe that as gold, tariffs, and inflation rise, eventually inflation will fall, prompting investors to shift to riskier assets like cryptocurrencies. With uncertainties surrounding inflation under control, analysts predict a potential rally in the ETH price, urging investors to keep a close watch on these macroeconomic events.
In conclusion, the recent crypto market crash driven by U.S. macroeconomic events has had a significant impact on investor sentiments, leading to a decline in Ethereum’s price to $1,863.05. However, experts remain optimistic about a potential recovery and an ETH price rally in response to upcoming macroeconomic events. With ETH showing signs of recovery today and trading at $1,859.51, investors are advised to stay informed and monitor these developments closely for potential opportunities in the market.
