Ethereum surpasses $3000 mark as Trump lifts Greenland tariffs

Following President Donald Trump’s decision to cancel tariffs related to Greenland, the cryptocurrency market has experienced a significant rebound. Ethereum has now reached the $3000 mark according to actual data, while Bitcoin has also recorded positive signals from this political move. Trump’s move has changed global risk perceptions, prompting investors to reassess their positions in major financial markets.

Bitcoin and risky assets recover strongly

The decision to cancel the tariffs immediately stimulated a recovery on many commodities. Bitcoin is currently at $82,510, reflecting a rebound from previous trade war concerns. Ethereum sits at $2,750, close to the $3000 mark that traders are closely watching. Not only cryptocurrencies, stocks and gold also recorded positive moves, indicating a broad shift in market sentiment. This recovery has largely stemmed from easing fears of a large-scale trade war.

The heated trade war is temporarily lifted

Strategic discussions on Greenland continue, but the cancellation of tariffs has brought short-term relief to markets. From a market technical perspective, the elimination of risk from a potential trade war has allowed investors to look for higher-risk assets such as cryptocurrencies. Ethereum’s approach to the $3000 mark is a clear demonstration of the revaluation of these assets.

Geopolitical instability still carries risks

Despite the market recovery, experts still advise investors to be cautious. Discussions about Greenland are continuing, and the geopolitical situation remains variable. The current recovery may only be temporary if tensions return. Therefore, traders should stick to their strategy and continue to monitor developments from Washington as well as further policy announcements.