Ether’s Price Action Hints at Reversal as Investors Await Trump’s Tariff Strategy
Ether (ETH) could be nearing a turning point, as technical signals suggest the recent downtrend is losing momentum just ahead of a highly anticipated policy announcement from President Donald Trump.
Set for release on Wednesday, Trump’s planned “Liberation Day” tariffs—billed as reciprocal trade measures—have markets on edge. But if the rollout is less severe than anticipated, it could trigger a relief rally, with ETH potentially leading the charge.
Key Support Levels Hold, Double Bottom in Sight
Despite a broader market sell-off last week, Ether held above the critical $1,755 level, which marked a 16-month low on March 11. Since then, ETH has rebounded to around $1,880, forming a structure that resembles a double bottom—a bullish reversal pattern. A break above $2,104 would validate this formation, with a potential upside target near $2,400 based on the measured move.
Momentum Weakens on Down Swings
One of the most telling indicators of trend reversal is divergence—and Ether is showing it. Even as price revisited March’s lows, momentum indicators like the SMA histogram failed to confirm the move, signaling that bearish pressure may be fading.
Line Break Chart Flashes Bullish Signal
A fresh green bar has appeared on Ether’s three-line break chart, suggesting a shift in trend sentiment after months of decline. The last time this occurred in March, the signal was invalidated quickly. This time, however, it coincides with multiple signs of seller fatigue, making it more compelling.
External Risks Still in Play
Despite the improving technical outlook, macro conditions remain a potential disruptor. If Trump’s tariffs trigger global risk aversion, it could stall Ether’s recovery and push prices lower, regardless of chart patterns.
Still, if market reactions to the tariff rollout are muted or positive, Ether could break out from its recent range and pave the way for a broader altcoin recovery.
