On Tuesday Bitcoin (BTC) and Ethereum (ETH) showed minimal gains while President Donald Trump planned to share his trade policy choices. Market predictions suggest that milder U.S. tariff regulations have generated increased optimism among people who invest in cryptocurrency.
The crypto market capitalization maintains approximately $2.85 trillion at this time. Bitcoin holds 58.59% of market dominance while traders observe the developing situation closely. The Fear & Greed Index maintains a value of 44 while investors show guarded optimism despite recent positive changes because market uncertainty persists.
Ethereum rose by 0.31 percent in the past day to achieve a new price of $1,860.41. Technical indicators show conservation since Ethereum has been unable to deliver a clean upward breakout. The market participants stay attentive because any break below present resistance would likely send prices toward immediate support zones.
Crypto Traders Await Crucial Tariff Announcement
Trump’s current tariff policies have the power to shift market sentiment between positive and negative results. When stern tariff policies are announced, the cryptocurrency markets will experience wild price swings alongside negative market responses.
Market confidence develops under less stringent tariff policies, while major cryptocurrencies may experience modest growth. The markets demonstrated a positive trend with increased buying activity by 1.57% before Trump’s important announcement tomorrow.
The immediate resistance zone for Ethereum defines itself precisely at $1,854. ETH managed to stay within its fundamental support barrier for the whole trading session. The next essential support threshold for ETH will be $1,840 after policy announcements as long as the price remains above $1,854.
Source: CoinMarketCap
The Ethereum market shows resistance between $1,920 and $1,850. A successful breach through this barrier could potentially advance the cryptocurrency price beyond $1,920 to reach $1,950, indicating bullish market positions. Ethereum will maintain its sideway trend or attract fresh selling pressure unless it soon breaks through this resistance level.
Market participants show careful optimism while they wait for trade policy decisions from the United States because these decisions will decidedly shape cryptocurrency markets during the coming short period.
Also Read: Bitcoin could face potential correction amid concerning on-chain signals
