Ethereum price prediction: World’s second-largest cryptocurrency crashes. Will there be quick rebound?

Ethereum, the world’s second-largest cryptocurrency, fell more than five percent on Friday after US President Donald Trump escalated his trade dispute with China. Bitcoin, the world’s largest cryptocurrency by market value, also continued to decline.

Ethereum, the world’s second-largest cryptocurrency, fell 5.8 percent to $3,637 at 5:21 p.m. ET. Bitcoin was last down 8.4 percent at $104,782 as of 5:20 PM ET (2120 GMT).

Ethereum’s price fell today as markets were affected by broader crypto pullbacks. Analysts point to weakening risk appetite and USD strength as short-term negative effects. Retail and institutional inflows into spot ETH products have seen intermittent outflows, adding to the pressure. Standard Chartered recently raised its year-end ETH target to $7,500, citing rising institutional demand, but Citi remains more cautious at $4,300.
Technically, key support is near $3,500; A breakout could lead to deeper declines, while a recovery could test the resistance in the $4,500-$5,000 region.

President Trump on Friday said he would increase tariffs on Chinese exports to the United States to 100 percent and impose export controls on “all types of critical software” in retaliation for China’s recently announced export limits on rare earth minerals critical to technology and other manufacturing.

The debate shook global financial markets and caused the benchmark S&P 500 Index to lose more than 2 percent.

FAQ

Q1. What is the world’s largest cryptocurrency?
A1. Bitcoin is the world’s largest cryptocurrency.

Q2. What is the second largest cryptocurrency in the world?
A2. Ethereum is the second largest cryptocurrency in the world.