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Ethereum (ETH), the world’s second-largest cryptocurrency, is facing sharp pressure, trading at $1,790.87 as of 7:03 am, Thursday, 3 April 2025 (Eastern Time). The token has dropped $82.24 over the last 24 hours, registering a steep 4.39% decline.
During the day, ETH hit a high of $1,957.00, before slipping to a low of $1,781.53. The total 24-hour trading volume stood at 797,676.83 ETH, or approximately $1.48 billion in USDT value.
The decline mirrors the broader crypto market sell-off triggered by former U.S. President Donald Trump’s announcement on April 2 of sweeping new tariffs on imported goods. The move has rattled risk assets globally, with Bitcoin and Ethereum both taking significant hits in response.
Adding to the concerns, Ethereum’s continued weakness below the psychological support level of $1,800 has raised caution among traders. Market participants are closely watching for signs of stabilization or further downside in the coming sessions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are subject to market risks. Please do your own research before investing.