Ethereum rose on Wednesday with demand rebounding on high-risk assets such as cryptocurrencies following somewhat positive remarks from the US administration on tariffs.
The US Trade Secretary Howard Lutnik said the Trump administration might announce a mechanism for reducing the 25% tariffs on Mexico and Canada.
Earlier data showed the US private sector added 77 thousand jobs in February, far below estimates of 141 thousand, and down from 186 thousand in January.
The US ISM PMI rose to 53.5 in February from 52.8 in January, while analysts expected a drop to 52.5.
Now investors await the more important US payrolls report next Friday, expected to show the addition of 170 thousand new jobs in February.
Trump imposed 25% tariffs on Canada and Mexico, and a 10% additional tariff on Chinese products, damaging global sentiment.
China quickly responded by imposing 15% tariffs on some US imports, and will limit exports to 15 US companies.
Ethereum
Ethereum rose 2.7% on Coinmarketcap as of 20:38 GMT to $2228.9.
