Donald Trump’s latest tariff measures targeting China and other nations triggered a sharp drop in Bitcoin and altcoins, though markets partially rebounded afterward.
However, one analyst warns that Ethereum (ETH) could face further downside if tensions between the U.S. and China continue to escalate.
Andrew Kang, co-founder of Mechanism Capital, suggested that ETH could decline to the $2,200–$2,400 range if the trade dispute worsens. He also pointed out that the $2,900–$3,000 zone may act as a short-term resistance level for Ethereum.
Meanwhile, some large investors took advantage of the market dip. A well-known whale, who had successfully timed Ethereum’s bottom in August 2024 and holds over $1 billion in crypto assets, made another major ETH purchase.
Despite recent turbulence, Ethereum has seen a 5.4% recovery in the past 24 hours, trading at $2,710 at the time of writing.
Binance has officially announced the launch of PlaysOut (PLAY), a new token debuting on Binance Alpha, with trading scheduled to begin on July 31, 2025, at 08:00 UTC.
The Cboe BZX Exchange has submitted a filing with the U.S. Securities and Exchange Commission (SEC) seeking approval for a new exchange-traded fund (ETF) that would track Injective’s native token (INJ).
Bernstein has flagged growing risks in Ethereum’s corporate adoption trend, cautioning that the rise of “ETH treasuries” could reshape the network’s supply and risk dynamics.
Interactive Brokers, one of the world’s largest online brokerage platforms, is exploring the possibility of issuing its own stablecoin, signaling a potential expansion into blockchain-driven financial infrastructure as U.S. crypto regulation begins to ease.