The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

5 months ago

Version History

Version 15 months ago

What changed: The story was updated to include the impact of U.S. tariff-related macroeconomic uncertainty as an additional factor for the price decline.

CryptoMediumUpdated•Originally published 24 February 2026•Updated 24 February 2026•

1 min read

Ethereum Drops 5% as U.S. Tariff Concerns and Vitalik Selling Pressure Weigh on Price

Key Facts

1Ethereum price dropped 5% in 24 hours, extending its monthly decline to approximately 38%.

2Ethereum is trading at $1,819.76, which represents a major support zone according to analysts.

3Trader Don Wedge noted that Ethereum could either bounce from current levels or sweep key support before reversing higher.

Ethereum (ETH) experienced a 5% decline over the past 24 hours, extending its monthly losses to approximately 38%. The downward movement is driven by speculation regarding co-founder Vitalik Buterin's asset sales alongside emerging macroeconomic headwinds. Specifically, new uncertainty surrounding U.S. tariff issues is contributing to broader market selling pressure on the leading altcoin. Currently trading near $1,819.76, ETH is hovering around a critical technical support zone. Trader Don Wedge suggests that the market might sweep lower support levels before attempting a bullish reversal. Investors remain focused on how geopolitical risks and internal selling pressure will impact the price action of the world's second-largest cryptocurrency.

Sources:

benzinga.com

coingape.com