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 Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
