Is this bullish or bearish for ETH?
Breaking:
"
$ETH tariffs will arrive this week" - Trump
Breaking news: "We have decided to temporarily cancel the ETH tariff." - Trump.
Trump's remarks on the impact of the ETH tariff ( (assuming this refers to taxes or regulatory restrictions on Ethereum )) depend on the broader market sentiment and context. Here is how to interpret it:
1. "ETH tariff arrives this week" – potential bearish pressure
Why? The tariffs or new taxes on ETH may:
Increase the costs for traders/investors and reduce demand.
Stricter cryptocurrency regulations signal market panic.
Cau