Headline: ETH briefly dips under $3,200 as U.S.–EU trade tensions stir volatility; technicals point to $3,360 resistance Ether, the world’s second-largest cryptocurrency by market capitalization, slipped 3.4% over the past 24 hours and briefly traded below the $3,200 mark before recovering to around $3,205. The pullback coincides with renewed geopolitical jitters after the United States signalled it could escalate tariffs on several European allies. President Donald Trump threatened an initial 10% tariff on imports from eight NATO countries — Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland — starting Feb. 1, rising to 25% by June unless those measures are lifted. He also said the duties would remain until Denmark agreed to sell Greenland to the United States, comments that have fueled market uncertainty. “The latest U.S.-EU trade war headlines have certainly injected fresh volatility into an already uneasy market … adding a layer of geopolitical uncertainty that markets were in no shape to absorb,” said Rachael Lucas, crypto analyst at BTC Markets. She added, however, that while headlines are loud, they are not the fundamental driver of the current crypto pullback. Technically, the ETH/USD 4‑hour chart shows short-term bearish price action after the recent drop, but key indicators leave room for a rebound. The 4H RSI sits at about 52 — just above neutral — suggesting bullish momentum is waning but not extinguished. The MACD lines remain above the neutral zone, a sign buyers still retain control. Two near-term scenarios to watch: - Recovery path: If buyers reassert themselves, Ether could target the first major resistance near $3,360 over the coming hours or days. - Continued correction: If selling continues, ETH may retest the Jan. 12 swing low around $3,068. With macro headlines driving episodic volatility, traders should monitor both geopolitical developments and on-chain/technical signals for clearer direction. Read more AI-generated news on: undefined/news

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