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

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.