Ethereum Price Surges After Trump’s Tariff Pause Sparks Market Relief
Ethereum rallied sharply following President Trump’s announcement of a 90-day suspension on tariffs for most trading partners, excluding China.
The move triggered renewed risk appetite across financial markets, giving a notable boost to crypto assets.
ETH jumped 12.7% over the past 24 hours to reach $1,650, marking a short-term recovery after a difficult week in which it is still down 14%. The surge brought Ethereum’s market cap to $199.35 billion, with 24-hour trading volume hitting $38.25 billion.
The derivatives market saw a wave of liquidations as traders were caught on the wrong side of the move. In the past 24 hours, Ethereum recorded $160.05 million in liquidations, including $97.9 million from short positions and $62.15 million from longs.
The broader market reaction suggests traders viewed Trump’s tariff delay as a positive step toward reducing macroeconomic uncertainty—at least temporarily. However, the exclusion of China and the sharp hike in tariffs on Chinese imports to 125% adds a layer of complexity to global sentiment.
The 1-day ETH/USD technical analysis from TradingView still remains bearish. The sumamry shows “sell” with 14 signals, while moving averages point to “strong sell” with 13.
On a side note, the U.S. Securities and Exchange Commission (SEC) just approved Ethereum ETF options trading, marking a significant step forward for the biggest altcoin by market cap.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
