<ul><li>Ethereum's bearish momentum continues as the price drops 11% to $2,098, breaching ascending support and resembling a double-top pattern.</li><li>Market sentiment shifted after Trump's tariff announcement, erasing earlier gains made by Ethereum due to the U.S. Crypto Strategic Reserve news.</li><li>30,000 ETH was offloaded by whales as DeFi activity weakened, with declining futures open interest and stablecoin liquidity.</li><li>Analysts warn that for Ethereum to recover, it needs to regain support on a monthly closing basis and the market outlook and fundamentals remain poor.</li></ul>

Ethereum’s Bearish Momentum: Is a Bigger Drop Coming for ETH?

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