Ether Inches Toward Recovery as Market Awaits Clarity on Trump Tariff Plans

Ether (ETH), long overshadowed by Bitcoin during the latest bull cycle, may finally be ready to step into the spotlight—just as investors brace for a potentially market-moving announcement from President Donald Trump.

Scheduled for Wednesday, the president’s expected unveiling of new “reciprocal” tariffs aimed at realigning U.S. trade relations could inject fresh volatility into global markets, including crypto.

Signs of a Shift in ETH’s Momentum

While Ether mirrored Bitcoin’s losses in recent weeks, technical indicators are starting to signal a shift in sentiment. Notably, ETH’s March 11 drop to $1,755—its lowest point in 16 months—held firm against bearish pressure. Since then, the price has rebounded to around $1,880, hinting at the formation of a potential double bottom. A confirmed break above the $2,104 neckline could pave the way toward $2,400, according to technical analysts.

Divergence Suggests Weakening Bearish Pressure

Momentum indicators also show cracks forming in the downtrend. The divergence between Ether’s price and its 50-day simple moving average (SMA) histogram suggests that although prices retested recent lows, selling strength is waning—often a precursor to a reversal.

Three-Line Break Chart Flashes Green

A further hint of a shift comes from the three-line break chart, which has flipped bullish for the first time in weeks. A green bar on the daily timeframe now replaces the previous red sequence, often interpreted as an early signal of trend reversal.

While a similar bullish signal earlier in March turned out to be a false alarm, this time it aligns with other technical evidence pointing to potential exhaustion in the downtrend.

All Eyes on Trump’s Announcement

Still, macroeconomic uncertainty remains a critical variable. Should Trump’s tariff measures prove more aggressive than anticipated, risk appetite could evaporate quickly—derailing ETH’s recovery before it gains steam.

For now, Ether is offering subtle signs of resilience. If macro conditions remain manageable, ETH might be gearing up for a leading role in crypto’s next chapter.