In the last 24 hours and at the time of writing, ETH has seen a 3.18% decrease, placing it among the day's decliners.
The announcement of a new tariff policy by U.S. President Donald Trump has led to a significant drop in the cryptocurrency market. Major cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) experienced a decline. Trump revealed that a 10% tariff would be imposed on imports to the U.S., with tariffs on certain countries potentially reaching as high as 49%.
Following this announcement, Ethereum's price may have experienced a downturn.