Ether (ETH) is down 6.7% in the past 24 hours after a market crash triggered by Trump’s tariff announcement, dropping to a low of $3,510 before rebounding to $3,800. The crash liquidated 1.6 million traders, nuking some altcoins by 95%. It represents the most severe crypto liquidation event, wiping out up to $20 billion.

ETH is down 22% from its all-time high of $4,957, but analysts predict a rally to a new high of $5,550. However, potential sell pressure remains as the Ethereum exchange inflow mean hit the highest level recorded in 2025 at 79, signaling increased selling pressure. Withdrawals from the staking queue also reached $10 billion in October.

Read more at Cointelegraph: ETH Down Only 6.7% Following Friday’s Crypto Market Crash