Ethereum Bounces Back: Despite Dramatic Market Dip, ETH Holds Strong

While the cryptocurrency market experienced a significant downturn this week, Ethereum (ETH) has shown remarkable resilience, dropping just 6.7% compared to other altcoins that saw drops of up to 95%. This suggests underlying investor confidence and potential for a recovery. The market turbulence was triggered by US tariff announcements, which wiped out roughly $20 billion in crypto value and caused over 1.6 million traders to liquidate. Despite this drastic dip, technical indicators like the 200-day EMA suggest ETH is poised for an upward reversal.