Ethereum Price Forecast: Stock market turbulence doesn't deter ETH

Ethereum held over $1,800 throughout the global sector downturn despite Fed Chair Jerome Powell's aggressive comments.

ETH might recover if cryptocurrencies maintain firm under global trade war uncertainty.

ETH bulls are trying to retain $1,800 following a short drop to $1,760.

Ethereum (ETH) traded over $1,800 on Saturday despite Trump's tariff announcements causing stock market and precious metal losses.

ETH strengthens despite stock market volatility

ETH, like other prominent cryptos, maintained stable going into the weekend, while the S&P 500 lost roughly 6%, bringing its market value down to $5.06 trillion in two days. The Nasdaq-100 and Dow Jones fell 20% and 10% from their December all-time highs. Gold fell 2.5% and silver 7.1%.

We can afford to wait for further information before changing our policy. Powell said monetary policy is too early to decide.

In the short COVID-19 recession of 2020, Ethereum outperformed Bitcoin (BTC) with a 460% gain. ETH might come around in the next few weeks if crypto maintains constant despite global trade war concern, particularly with the Pectra mainnet update scheduled for May 7.

ETH underperformed Bitcoin, XRP, and Solana (SOL) during the post-election crypto rise in recent months due to poor emotions. Following a market correction in late January, it dropped approximately 55%, while BTC only plummeted by ~27%.

Ethereum Price Forecast: $1,800 critical level traders fight
Coinglass data shows $43.24 million in Ethereum futures liquidations in 24 hours. Long liquidations total $20.84 million and short liquidations $22.41 million.

After temporarily falling to $1,760, buyers have pushed prices over $1,800 in the last several hours to protect it.

ETH may challenge a March 24 descending trendline barrier if bulls defend this level. A break above the trendline that supports it might help ETH recover bullish momentum and challenge $2,069 barrier.

#ETH #PowellRemarks #CryptoTariffDrop #TrumpTariffs #WhaleMovements $ETH $BTC $XRP