A new wave of tariffs announced by U.S. President Donald Trump, including a 25% tariff on steel and aluminum imports, has left market watchers cautious about the impact on cryptocurrencies, particularly Ether (ETH). The introduction of these tariffs can escalate trade wars and create economic uncertainty, leading to market volatility. Some traders suggest that the negative sentiment surrounding crypto assets might further exacerbate challenges for ETH, which has already suffered in a tumultuous year characterized by a significant drop in the bitcoin-ether ratio. Current market conditions reflect a flight from risk assets like cryptocurrencies, with ETH experiencing a year-to-date decline of 23% compared to a modest 2.5% gain in Bitcoin (BTC). Analysts note the absence of short-term catalysts affecting Ethereum's market position and sentiment, indicating a challenging outlook ahead. The market remains volatile as traders react to Trump’s statements, with potential for further price fluctuations in the coming weeks, particularly for crypto assets tied to Ethereum.

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