Ethereum (ETH) is up 1.8% this week to $2,022, lagging behind the broader crypto market, where Bitcoin (BTC) is rising by 2.6% to $87,403. ETH briefly hit $2,102 on Monday, boosted by optimism surrounding Donald Trump’s tariff policy. However, market sentiment shifted sharply on Wednesday after Trump announced a 25% tariff on U.S. car and auto parts imports, triggering a broad pullback.
Additional pressure on ETH comes from internal challenges related to the troubled Pectra update, which was activated on the Holesky testnet. While these issues are expected to be resolved, they have added to the headwinds facing Ethereum in the near term.
