Ethereum's price has declined over 5% in the last 24 hours, trading around $1,900 due to various factors. Notably, U.S. President Trump's recent announcement of a 25% tariff on imported cars has stirred anxiety among investors, resulting in a sell-off of riskier assets like ETH. Additionally, over $97 million in long liquidations have forced traders to exit leveraged positions, contributing further to the downward pressure on ETH's price. The broader cryptocurrency market mirrored this trend, experiencing total liquidations of $353 million. Technical indicators also show a bearish pattern forming, with ETH failing to maintain key support levels and suggesting potential further declines. This situation reflects a significant drop from ETH's all-time high of $4,100 in December 2024, emphasizing the current volatility in the market. Investors are urged to approach the market cautiously and consider the evolving economic landscape.

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