It was on February 1, 2025, that President Trump took the aggressive decision to impose tariffs on Mexico and Canada. At the start of February 1, the price of $ETH was around $3,301.00. In the first two days of the month alone, the market showed a severe drop of 13.103%. The market has not yet recovered from the aforementioned correction.
Since February 1, the market has declined by 18.52%. However, shortly after the White House hinted at its decision to halt its proposed proceedings related to tariffs, the ETH market showed its initial sign of recovery. Yesterday, the market experienced a mild growth of 0.19%. In the last 24 hours alone, Ethereum has recorded a rise of 8%.

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