Ethereum Price Surges 13% After Trump Tariff Pause: Could ETH Hit $1700 Next?

Ethereum price jumped 13.7% to $1,613 following President Trump’s unexpected 90-day pause on most global tariffs. The move boosted market confidence and pushed ETH into recovery mode after weeks of sluggish trading. On top of this, optimism grew around Ethereum’s upcoming Pectra upgrade and the potential launch of ETH-staking ETFs. These developments injected fresh momentum into Ethereum news cycles, shifting sentiment sharply. As a result, traders are now wondering: could Ethereum be gearing up for a strong breakout ahead of May’s big milestones?

Ethereum Price Surges After Trump Tariff Pause and ETF Buzz

The Ethereum market has been under pressure for most of 2025. However, this week, the tide may be turning. Trump’s decision to pause nearly all tariffs for 90 days (except those on China) helped calm global market fears. This Trump tariff relief created a positive spillover in the crypto market, with Ethereum price among the top gainers. At the same time, several key Ethereum catalysts are lining up. The highly anticipated Pectra upgrade, scheduled for May 7, promises improvements in staking systems, deposit flow, blob data, and account abstraction. Investors see this as a technical turning point that could enhance ETH’s usability and efficiency.

Another bullish factor: Ethereum-staking ETFs could soon become a reality. Major firms like Fidelity, NYSE, and 21Shares have filed proposals to include staking rewards in their ETH ETF products. This could unlock major institutional inflows and make Ethereum more attractive than ever. Technically, ETH is also trading below its realized price, a rare event that often signals market bottoms. The MVRV Ratio has entered the “opportunity zone,” giving traders further confidence. With both macro and on-chain signals aligning, and the Trump tariff easing geopolitical tension, Ethereum might finally be ready to leave its bearish phase behind.

Ethereum Price Analysis of April 10

The trading day of April 9th started with bearish momentum on the MACD line. At 1:20 UTC, the RSI showed an oversold signal, and the Ethereum price found support at $1385.39. A golden cross at 3:45 UTC triggered a bullish reversal. By 6:10 UTC, the price faced resistance at $1492.10 amid an overbought RSI. The upward trend resumed with another golden cross at 16:05 UTC. Ethereum broke past resistance, pushing into a new range. From 17:15 to 18:35 UTC, overbought signals held the price within a consolidation. At 21:25 UTC, the RSI again signaled overbought, and ETH touched $1689.20 before a pullback began.

Chart 1, analyzed by ShwetaCW, published on TradingView, April 10, 2025

As illustrated in Chart 1, A downtrend started at 21:30 UTC and carried into April 10th. Oversold conditions persisted overnight. At 7:30 UTC, ETH found support at $1583.34, with a golden cross on the MACD suggesting renewed upward momentum. According to Ethereum price predictions, if the bullish momentum continues, it could break the resistance of $1689.20 and the price could reach $1700 and higher. If the trend reverses, the price could break the current support of $1583.34 and go below the previous support of $1385.39.

Ethereum Price Outlook

Ethereum’s recent price boost signals a potential reversal, backed by improving sentiment and strong fundamentals. With the Trump tariff pause calming markets and Ethereum’s upgrades plus ETF potential on the horizon, bulls may take the lead. The Ethereum price currently sits near $1,613. If momentum continues, ETH could reclaim $1,700 soon. However, if resistance holds, it may revisit support near $1,580. According to Ethereum price predictions and the latest Ethereum News, May could be a defining month for ETH’s trend.

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