ETHA Lend USD Price & Performance (ETHAUSD)

Ethereum's price plunged over 11% recently, dropping to $1,755 at its lowest point. The crypto market experienced substantial liquidations, with $240 million in ETH positions wiped out. Economic concerns, including rising US recession risks and ongoing trade tensions, are amplifying bearish sentiment, pushing ETH closer to its $1,700 technical target.12

A proposed Strategic Bitcoin Reserve bill has spurred a market rebound, with Ethereum climbing above $1,950 after a steep drop. Bitcoin and Ethereum benefited from renewed optimism, though Ethereum's market share remains pressured at 8.6%. This legislative move has shifted market sentiment from "Extreme Fear" to "Fear."34

Ethereum's price struggles reflect broader economic uncertainty, with US recession risks rising to 40%. Tariffs and inflation fears are dampening investor confidence. The crypto market's correlation with equities, particularly the S&P 500, underscores its vulnerability to macroeconomic headwinds, keeping ETH under pressure.12