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.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly 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 passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
