Ethereum ETH Crashes Below $1,800. What's Next for Ether?
The price of the Ethereum (ETH) cryptocurrency briefly crashed below $1,800 on Monday, sparking concern among Ether investors. The crypto market is in the midst of a massive sell-off, with several cryptocurrencies crashing in price. While ETH has since recovered to above $1,900, the asset is still down 8% in the past week. The last time Ethereum traded below $1,800 was in October 2023, when it was slowly emerging from the two-year-long bear market. There is solid support at current levels, which were fortunately held to prevent the asset from tanking back to bear market lows. However, Ether is now forming what appears to be a double-top chart pattern. Several analysts have warned that if support here is lost, ETH could fall as low as $1,200. However, the ongoing downturn has made investors fearful as Trump’s tariffs on China and Canada take effect from Tuesday. Canada faces 25% tariffs on goods entering the US while China is slapped with 10% tariffs. The US stock market reacted harshly...