Ethereum Price Rollercoaster: Tariff Shock Sends ETH Tumbling – Can It Still Rally to $5K?
Summary of Key Facts: As of October 12, 2025, Ethereum (ETH) trades around $3,800 (about €3,500) 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 (below $4,100) 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