US Treasury Secretary Bessent and Trade Representative Greer will meet Chinese officials in Switzerland this weekend to discuss trade and economic issues. The talks could mark an early step toward easing the trade war sparked by Trump's 145% tariffs on Chinese imports, which drew steep retaliation. Bessent emphasized the need for fair trade and not decoupling, describing the current tariffs as an embargo. The renewed diplomatic engagement could boost sentiment and risk assets, limiting the downside risks in ETHUSD.ETHUSD recovered from the descending channel's lower bound and support at 1400. However, the downtrend persists, marked by lower swings and price holding within the descending channel. If ETHUSD continues to climb, the price could approach the channel's upper bound and resistance near 2100. Conversely, a retreat below 2100 could prompt a retest of the support at 1400.By Li Xing Gan, Financial Markets Strategist Consultant to Exness
