Ether’s price recovery depends on macro conditions, but its improving onchain metrics mean it is well-positioned to reclaim $2,500 in the near future.
Ether (ETH) fell 13% between March 8 and March 11 as investors moved to short-term fixed-income and cash positions, seeking safety amid a global tariff war and rising fears of an economic downturn.
Market concerns escalated after the United States responded to Canada’s electricity surcharge with retaliatory measures.
S&P 500 futures (left, magenta) vs. Ether/USD (blue). Source: TradingView/Cointelegraph
