Andrew Kang: If China really initiates a trade war against the US, Ethereum will fall back to the $2200-2400 range

BlockBeats News, February 4th, Mechanism Capital partner Andrew Kang stated on social media that if China does engage in a trade war with the US, Ethereum will drop back to the $2200-2400 range.

BlockBeats previously reported that during yesterday's market downturn, Andrew Kang mentioned that "ETH may be oversold at the moment, making it a good buy or it may rebound to $2700." Just now, the Chinese State Council Customs Tariff Commission issued a notice stating that starting from February 10, 2025, tariffs will be imposed on some imported goods originating from the United States. A 15% tariff will be imposed on coal and liquefied natural gas, while a 10% tariff will be imposed on crude oil, agricultural machinery, high-displacement vehicles, and trucks. The market quickly reacted with a downturn.