Why is Eter down today? Market fears and growing offer Help Fuel 5% Slider

Ether (ETH) fell more than 5.1% during the last 24 hour period at below $ 2,600, while Bitcoin (BTC) compared to 2.9% compared to the same period at $ 95,700.

The greatest alldoin of the price of the performance was pushed COINDESK 20 Index For almost 4% in the period due to the dining parties at the American President Donald Trump announced planning to announce plans to detect reciprocal tariffs next week, escalating fears from the country’s trading partner.

However, Ether’s insufficient default comes in the midst and other factors that affect cryptocurstiness especially, including its circulating bids, which recently grew next to the level before connecting. The Etherum Connecting– The network is connected to the Lancel Lancel, which moved it to the proof of Annex (POS) to the consensus mechanism – is expected to help its declining supply and it has done months.

Trend, however, reversed in April, weeks after activating highly expected “Dencun” upgrade. This upgrade has pushed the growth of layers-2 to reduce their data for data and introduced transaction “spots”, which helped reduce transaction fees.

The reduction of the transaction fee on Ethereum meant less burned down less ether, which turned the trend of cryptocurrency supplies in turn. Sluggish Introduction EIP-1559 In 2021. year, each ether transaction has a base fee that burned, helping to reduce the supply of EM.

Reducing the burning ether saw that ETH’s offer in the last few months to the point that its circulating supply has increased by 8,242 ETETRA from merging, data Ultrasound.money It shows.

Ether has also seen a Video Commission for Securities and Exchange (SEC) recently delayed its decision on options agreements in the lists of Blackrock’s Isherem Etherum Trust (Etha), which could also be valid for the performance of cryptocurrency.

Other factors, including the restriction of Etherum Foundation and enhanced competition of other networks, including Solan, also affected Ether, whose value compared to BTC recently fell to 2021 lows. In the research report, Jpmorgan said Eth Missing a persuasive narrative like the one btc

Despite the bear performance, the analysts pointed to the etheric price mirror form that saw before it was accompanied by rebuilt swing. On Friday, Jake Ostrovskis, OTC traders on Cripto Market Maker Wintermute, said coindex They saw a “strong demand for exceeding Eth.”

The analysts pointed out on the Social Media, there was a decline in the integer of the tokens, because they were first mined because the bear feeling affects the cryptocurrency, which could be Potential settings For surprise bounce “after the encrypted markets can be stabilized.”