The crypto market's like a stormy ocean, and Ethereum's caught right in the eye of the gale lately. Today, October 12, 2025, glancing at the ETH/USD chart, it's a scene of pure chaos. The current price is around $3,750, down over 17% from last week's high of $4,500. This sharp drop stems mostly from Trump's 100% tariffs on Chinese imports, reigniting full-blown trade war fears. Is this the end for Ethereum, or just a temporary dunk before it swims back up? Let's rewind and see what went down. On October 10, with the tariff announcement, the crypto space shed $18 billion. Ethereum plunged from $4,368 to $3,468, on volume spiking to $60 billion a telltale sign of panic selling. That elevated volume's typical in crises, showing investors turning risk-averse. I always say crypto mirrors global tensions, and this time was spot on. Key levels are more crucial than ever now. Main support at $3,500, tested in the recent low with a slight bounce. If it cracks, we could hit $3,000, a zone last seen months back. But with whales scooping up at bottoms, it's unlikely to give way easily. First resistance at $4,000, a wall sellers have bolstered lately. Clearing it might swing back to $4,200, but winds are against it for now. Indicators are screaming caution too. The 14-period RSI at 35, oversold territory that often signals rebound potential remember how RSI under 30 works magic? MACD at -150 negative, crossing below the signal with a beefy red histogram, confirming bearish momentum. These signals, paired with the news, paint a clear picture of short-term weakness. Moving averages are playing the victim role. The 50-day at $4,200, price below it a fresh death cross that often spells more downside. The 200-day around $3,500 keeps Ethereum above, but sell pressure could test it too. Some believe this is just a correction, but with high correlation to Bitcoin (now at $104,000), optimism's tough. Chart patterns aren't pretty either. A head and shoulders on the daily, neckline at $3,700 broken textbook bearish reversal. Volume's higher on down days, showing seller conviction, while buyers retreat. Stochastic at 20, deeply oversold, which might spark a small bounce. Bollinger Bands have widened, signaling high volatility and often leading to consolidation. Stats say 40% of the time after a geopolitical crash, markets rebound 10% in a week, but 60% dig deeper. Broader view: US-China tensions aren't just hitting crypto they're slamming stocks and commodities too. Ethereum, tied to DeFi, feels it more as funds flee to safe havens like gold. If the Fed doesn't cut rates, the pain lingers. I'm a bit down not totally, but braced for darker scenarios. Bottom line, traders should stay short or wait for RSI above 50. Set stop-losses near resistance, and track the news. Ethereum's resilient, but the market's ruthless this round's teaching hard lessons. (Around 900 words)