As of now, Ethereum is trading at 2,410 USD after dipping below 2,400 USD. This drop comes amid trade tensions prompted by President Trump’s announcement to halt trade negotiations with Canada. Negative funding rates reflect investor caution at present.
Should the potential death cross signal validate, Ethereum might experience a significant 35% decline. However, breaking the 2,850 USD resistance could lead to a bullish target of 3,400 USD, shifting sentiment in favor of recovery.
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