Ethereum Faces Volatility Amid Bearish Bets and Tariff Announcements

In a market update, key developments surrounding Ethereum’s price movements and trader sentiment are revealed.

Ethereum Price Crash Soon? $330 Million in Bearish Bets Reveal…

Intraday traders have placed $330 million in short positions on Ethereum [ETH]. Despite this bearish outlook, a crypto whale has withdrawn $5.27 million worth of ETH. Additionally, ETH and other cryptocurrencies have significantly tumbled following U.S. President Donald Trump’s tariff announcement. Most countries will now face a 10% tariff, while China, the EU, and Japan were hit harder with tariffs of 34%, 20%, and 24%, respectively. This development has caused a sharp decline in the overall cryptocurrency market. Ethereum has dropped over 4.50% and was trading near the $1,800 level, which appeared to be a critical point for upcoming price levels. According to AMBCrypto’s technical analysis, ETH appeared bearish.

Everstake Passes Independent ChainSecurity Audit to Enhance Staking Security

Everstake, a top global non-custodial staking provider, has successfully passed an ETH B2C Staking audit by ChainSecurity. The audit covered accounting correctness, asset solvency, functional accuracy, and access control mechanisms, confirming Everstake’s codebase provides satisfactory security and meets stringent standards. This move addresses the lack of confidence in crypto security among 40% of holders.

Ethereum Grapples with $1,810 Price Slump Amid Fee Collapse and Rising Inflation

Ethereum, the second-largest cryptocurrency by market capitalization, has seen its value plummet to $1,810.98 due to minimal network usage and rising inflation. Record-low transaction fees and decreased burn rates have accompanied network challenges not seen since 2020. The decline in Ethereum network active addresses demonstrates decreasing user participation, leading to conditions opposite to those supportive of its former deflationary properties.

Designers Enter Decentraland for Metaverse Fashion Week 2025

Decentraland, a social virtual world, will host its flagship virtual event, Metaverse Fashion Week (MVFW), from 9 to 12 April 2025. The event, themed ’Infinite Identities,’ will showcase runways, panels, and showrooms, featuring more than 47 global designers and brands. MVFW will occur on Decentraland 2.0, the platform’s redesigned desktop client, offering improved visuals, interactivity, and accessibility. The event will also feature 16 interactive designer showrooms exploring the interplay between fashion, technology, and cultural narrative.