Ethereum Price Rollercoaster: Tariff Shock Sends ETH Tumbling – Can It Still Rally to $5K?
Summary of Key Facts: As of October 12, 2025, Ethereum trades around $3,800 after a violent sell-off. ETH is down roughly 15–16% over the past week and ~14% in the last monthchangelly.com. This swing followed a geopolitical shock: President Trump’s announcement of massive new China tariffs on Oct. 10–11 triggered a “crypto carnage,” sending ETH ~7% lower on Oct. 10coindesk.com. Over $600 million in leveraged crypto positions were liquidated that day, including $235M of ETH longscoindesk.com. Earlier in early October, ETH had spiked to ~ $4,750 during a broad “Uptober” rally as institutions poured into crypto – for example, spot ETH ETFs saw ~$1.5 billion inflows in the first week of Octoberts2.tech. On-chain indicators remain bullish: exchange reserves of ETH are near nine-year lowsts2.tech, and decentralized-exchange volume recently jumped ~47%ts2.tech, reflecting robust activity. Market sentiment is cautiously optimistic: on a popular prediction market ~80% of bets now say ETH will hit $5,000 before dropping to $3,500ts2.tech. Experts remain divided on targets – for example, Fundstrat’s Mark Newton sees $5,500 by mid-Octoberts2.tech, while Standard Chartered’s team forecasts ~$7,500 by end-2025ts2.tech, even as Citigroup offers a more conservative $4,300 by year-endts2.tech.
