THE LATEST CRYPTO NEWS

Alongside the general crypto market, Ethereum (ETH) registered a significant market recovery at the end of April to return above $1,800. After an extensive price correction that began in December 2024, the prominent altcoin may have finally found some bullish momentum to turn around investors’ fortunes. Interestingly, prominent crypto analyst Burak Kesmeci has shed some positive light on this development. Related Reading: Ethereum Forms Long-Legged Doji On Monthly Chart – Reversal Or Just A Pause? Ethereum Retail Investor Inflows Support Bullish Case In an X post on May 2, Burak Kesmeci postulates that Ethereum may be entering a prolonged price uptrend based on the short-term holders’ activity. According to the seasoned analyst, the number of ETH short-term holders or traders is headed for a particular threshold that historically signifies a long-term price rally. In the ETH market, short-term holders refer to wallets or addresses that have recently acquired ETH, usually less than 155 days. These investors are usually sensitive to market trends and price volatility, often driven by speculation and quick profit-taking rather than long-term conviction. Typically, a rising number of short-term investors indicates renewed market interest due to new market entrants. However, Kesmeci states that ETH short-term holders, presently at 3.92 million, must cross above 4 million to suggest the ETH market possesses sufficient bullish strength for a robust uptrend. Notably, Ethereum produced strong price rallies when STH numbers previously rose above 4 million, as seen in 2022 and 2024. Kesmeci states that as long as ETH short-term holders remain below this threshold, it may reflect insufficient market demand to sustain Ethereum’s current rally. Meanwhile, the number of Ethereum long-term holders has now reached 104.24 million, indicating a strong market confidence in the asset’s price appreciation prospects. A rise in LTH generally occurs due to coin maturation as short-term holders opt against selling for over 155 days. Related Reading: Bitcoin Price Confirmed Local Bottom As All Indicators Flash Bullish, Where’s Price Headed? Ethereum SMA 365 Presents Another Barrier Alongside developments in the short-term holders cohort, Burak Kesmeci notes that Ethereum remains far below its 365-day simple moving average (SMA 365), suggesting that market bulls are yet to take full control of the market. As the name implies, the SMA 365 measures the average closing price over the last 365 days. It is used to indicate price trends and often acts as a resistance in bearish markets or support in bullish markets. Despite recent market gains, ETH must move above its SMA 365 at $2,849 to confirm any intent of a strong uptrend. At press time, Ethereum trades at $1,835, reflecting a price decline of 0.80% in the past day. Meanwhile, the asset’s trading volume is down by 15.01%. Featured image from Pexels, chart from Tradingview

The Ethereum price could face another significant crash, as the machine learning algorithm, CoinCodex, predicts a sharp decline toward $1,500. After enduring four consecutive months of sideways trading and bearish closes, technical indicators and sentiment data are flashing warning signs of an impending correction in the coming weeks.   Ethereum Price Crash To $1,526 Incoming According to CoinCodex’s latest Ethereum price prediction, ETH is expected to decline by 16.47% over the coming weeks, potentially reaching $1,526.06 by June 2, 2025. This bearish projection comes amidst a turbulent market cycle in which investor sentiment and confidence have wavered due to rising macroeconomic pressures and unexpected declines in Bitcoin.  Related Reading: Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into View Notably, Ethereum’s technical outlook continues to deteriorate as it just wrapped up its fourth consecutive monthly red candle. Cryptorank’s data shows that Ethereum experienced a dip of 1.27% in January, followed by sharper losses of 32.2% in February and 18.4% in March. The downtrend continued into April, with the cryptocurrency closing the month in red with another 1.58% decline.  Despite brief intra-month rallies that saw its value rise sharply, Ethereum has consistently failed to sustain gains, closing each month with rising selling pressure and leading the wider market drawdown. CoinCodex’s data further paints a grim picture, highlighting that the top altcoin has recorded 16 green days out of the last 30, signaling unstable market strength. Its price volatility, measured at 6.43%, also reflects a choppy market that lacks clear bullish conviction.  Moving forward, CoinCodex not only predicts that Ethereum could break down to $1,526 but also expects a steeper price crash to $1,447.96 by August 1, 2025. This would represent a decline of approximately 20.75% from current market prices. The machine learning algorithm has declared that broader market sentiment for ETH is currently bearish, implying that traders and investors still anticipate further corrections and limited upward momentum in the near term. Overall, this indicates a cautious outlook for Ethereum’s price prospects. CoinCodex Says Now Is A Bad Time To Buy ETH Given its bearish forecast for the Ethereum price, CoinCodex suggests that now may not be the best time to buy Ethereum. Interestingly, while investor sentiment remains cautious, the Fear and Greed index is at 65, reflecting a state of “Greed” and suggesting that market optimism may be outpacing the underlying bearish fundamentals.  Related Reading: Ethereum By End Of 2025: Why A Surge Over $4,000 Is Imminent Building on this, crypto whales are still buying ETH in droves, capitalizing on low prices despite the possibility of a continued downtrend. Recent reports reveal that a single whale purchased 30,000 ETH tokens worth approximately $54 million. With price momentum fading and macro uncertainty still high, ETH bulls may need to wait for market stabilization and clearer reversal signals before re-entering the market. According to CoinMarketCap’s data, the Ethereum price is currently trading at $1,827, marking a yearly decline of over 38%. Featured image from Unsplash, chart from Tradingview.com

The market’s largest cryptocurrency, Bitcoin (BTC), is once again nearing the $100,000 milestone, following a significant rally that has seen the cryptocurrency reach its highest price since late February.  After experiencing downward pressure attributed to Donald Trump’s tariff policies, which triggered a sell-off across both the stock and digital asset markets, Bitcoin’s resurgence showcases a renewed bullish appetite among investors. Bitcoin Rebounds With $3.2 Billion In ETF Inflows To close the first quarter of the year, Bitcoin faced a steep decline, dropping as much as 30% toward $74,000 after hitting a record high of approximately $109,000 on January 20, coinciding with Trump’s second inauguration as President of the United States.  However, the market has seen Bitcoin climb as much as 3.1% to reach a weekly high of $97,483, marking the highest level since February 21. The last time Bitcoin crossed the $100,000 threshold was on February 7.  Related Reading: Dogecoin Could Hit $1.42 This Cycle In Bull Case, Says 21Shares This upward movement comes amid a shift in market dynamics, particularly in the spot markets, where demand has increased. This suggests a transition towards momentum trading, rather than the previous trend driven primarily by macroeconomic factors such as inflation and tariffs. Exchange-traded funds (ETFs) tracking Bitcoin and Ethereum (ETH) have attracted significant inflows, with over $3.2 billion entering the market last week alone. Notably, BlackRock’s Bitcoin Trust ETF (IBIT) recorded nearly $1.5 billion in inflows, marking its highest weekly intake for the year, according to data from Bloomberg. ETH Eyes Recovery Toward $2,000 Demand for upside options has also surged in the market, with call options at the $100,000 strike price exhibiting the most open interest across various expiration dates, according to Coinglass and data from the largest crypto options exchange, Deribit. “Market sentiment has broadly shifted in favor of momentum-based trades fueled by spot demand, as BTC breaches levels not seen since early February,” stated Chris Newhouse, director of research at Ergonia, a decentralized finance (DeFi) trading firm.  “BTC continues to shift between correlations with gold and equities, highlighting a more nuanced relationship with macroeconomic factors balanced by short-term momentum and spot demand,” Newhouse further told Bloomberg. Related Reading: XRP Price Macro Channel Breakout That Puts Targets At $17-$55 Ethereum, on the other hand, has shown a steady recovery over the past week, reinforcing its status as a key player in the decentralized finance sector and smart contract platforms, and regaining the foothold lost in the first quarter of the year. Improvements from Ethereum’s scalability upgrades, including the transition to Ethereum 2.0, have boosted performance and made the platform more attractive to developers and users. However, this has not translated into year-to-date gains for the second largest cryptocurrency compared to its peers, with losses of up to 36% over the period. Despite this, the price of ETH has seen a 14% surge in the fourteen day time frame, regaining the $1,800 level as a key support to boost the potential for further recovery towards $2,000. Featured image from DALL-E, chart from TradingView.com

Ethereum price started a fresh increase above the $1,750 zone. ETH is now rising and might aim for a move above the $1,880 resistance zone. Ethereum remained strong above $1,720 and started a fresh increase The price is trading above $1,800 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $1,860 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,880 resistance zone. Ethereum Price Gains Momentum Ethereum price remained supported above the $1,720 zone and started another increase, like Bitcoin. ETH climbed above the $1,780 and $1,800 resistance levels to set the tone for a larger increase. The bulls even pushed the price above $1,850. A high was formed at $1,872 and the price is now consolidating gains. There was a minor decline and the price tested the 23.6% Fib retracement level of the upward move from the $1,733 swing low to the $1,872 high. Ethereum price is now trading above $1,800 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,850 level. There is also a short-term contracting triangle forming with resistance at $1,860 on the hourly chart of ETH/USD. The next key resistance is near the $1,880 level. The first major resistance is near the $1,920 level. A clear move above the $1,920 resistance might send the price toward the $1,950 resistance. An upside break above the $1,950 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,000 resistance zone or even $2,050 in the near term. Another Decline In ETH? If Ethereum fails to clear the $1,880 resistance, it could start a fresh decline. Initial support on the downside is near the $1,840 level. The first major support sits near the $1,800 zone and the 50% Fib retracement level of the upward move from the $1,733 swing low to the $1,872 high. A clear move below the $1,800 support might push the price toward the $1,765 support. Any more losses might send the price toward the $1,720 support level in the near term. The next key support sits at $1,650. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,800 Major Resistance Level – $1,880

Ethereum price started a fresh increase from the $1,735 zone. ETH is now rising and might aim for a move above the $1,840 resistance zone. Ethereum remained strong above $1,720 and started a fresh increase The price is trading above $1,780 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $1,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,840 resistance zone. Ethereum Price Eyes More Upsides Ethereum price corrected gains from the $1,840 zone, like Bitcoin. ETH dipped below the $1,800 and $1,780 level but remained in range. A low was formed at $1,733 and the price started a fresh increase. There was a move above the $1,780 and $1,800 resistance levels. The price surpassed the 50% Fib retracement level of the downward move from the $1,842 swing high to the $1,733 low. Besides, there was a break above a key bearish trend line with resistance at $1,800 on the hourly chart of ETH/USD. Ethereum price is now trading above $1,800 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,815 level and the 76.4% Fib retracement level of the downward move from the $1,842 swing high to the $1,733 low. The next key resistance is near the $1,840 level. The first major resistance is near the $1,850 level. A clear move above the $1,850 resistance might send the price toward the $1,920 resistance. An upside break above the $1,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,950 resistance zone or even $2,000 in the near term. Another Decline In ETH? If Ethereum fails to clear the $1,840 resistance, it could start a fresh decline. Initial support on the downside is near the $1,785 level. The first major support sits near the $1,760 zone. A clear move below the $1,760 support might push the price toward the $1,735 support. Any more losses might send the price toward the $1,650 support level in the near term. The next key support sits at $1,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,785 Major Resistance Level – $1,840

New reports indicate that the Ethereum (ETH) CrossX indicator is flashing strong buy signals, suggesting a potential breakout toward $4,000. As the market transitions from selling to buying, on-chain data shows that institutional investors are heavily accumulating ETH tokens, indicating a shift in sentiment.  Institutions Load Up On ETH As Buy Signal Flashes On-chain analytics platform, Lookonchain, has identified a notable increase in Ethereum accumulation, largely driven by institutional whales. Over the course of three hours, a wallet address reportedly associated with the trading firm Cumberland DRW withdrew a staggering 27,632 ETH, worth approximately $50.24 million. This transfer was made from major exchanges, including Coinbase, Copper and Binance. Related Reading: Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into View The wallet’s activity involved multiple high-value transfers, such as a 7,600 ETH withdrawal worth $13.83 million from Coinbase, a 5,992 ETH withdrawal worth $10.92 million from Copper and Binance, and an additional 5,960 ETH transfer valued at $10.88 million from Copper.  Notably, the receiving wallet, 0ex287AA111…, was consistently used across all transactions, suggesting coordinated accumulation rather than a typical trading activity. Historically, large-scale withdrawals from Ethereum exchanges have preceded price surges, as they significantly reduce sell-side liquidity and indicate a longer-term holding pattern by investors.  Amid this growing institutional accumulation, the Ethereum CrossX Indicator, as noted by Ezy Bitcoin on X, has recently flashed a strong buy signal. This reinforces the notion that institutional interest is rising, signaling an increase in demand and potentially setting the stage for further upward price movement.  Ethereum CrossX Indicator Suggests $4,000 Surge Ahead Shedding more light on Ezy Bitcoin’s report, the CrossX indicator, which officially triggered a buy signal for Ethereum, is signaling a potential surge above $4,000 for the altcoin’s price. The market expert highlights that this is the first signal seen in nearly six months and, historically, has often preceded significant price action and explosive moves.  Related Reading: Ethereum Price Threatened With Sharp Drop To $1,400, Here’s Why The CrossX Indicator, a tool used to detect high-probability trend reversals based on volume, price action, and divergence patterns, has shown remarkable accuracy in past cycles. As seen in the analyst’s weekly chart, previous buy signals were followed by rallies that took ETH to new local highs. Now, with Ethereum’s price rebounding off recent lows and a fresh Bullish Divergence in place, the same rally pattern may be unfolding again. If history repeats, ETH could be gearing up for a run beyond $3,000, with the possibility of testing the $4,200 range by year’s end.  According to CoinMarketCap’s data, Ethereum is currently trading at $1,803, reflecting a yearly decline of 43.10%. A potential rise to $4,200 would represent a staggering 132.95% increase, bringing Ethereum (ETH) closer to its present all-time high of over $4,800. Featured image from Adobe Stock, chart from Tradingview.com

Ethereum price started a downside correction from the $1,850 level. ETH is now consolidating near the $1,800 zone and might aim for a move above $1,820. Ethereum started a downside correction and traded below the $1,800 level. The price is trading above $1,780 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $1,810 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,850 resistance zone. Ethereum Price Eyes More Upsides Ethereum price remained stable above the $1,745 level and started a fresh increase, like Bitcoin. ETH climbed back above the $1,800 resistance level before the bears appeared. A high was formed at $1,842 and the price corrected some gains. There was a move below the $1,820 level. The price dipped below the 50% Fib retracement level of the upward move from the $1,746 swing low to the $1,842 high. However, the bulls remained active near the $1,780 level and the 61.8% Fib retracement level of the upward move from the $1,746 swing low to the $1,842 high. Ethereum price is now trading above $1,780 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,810 level. The next key resistance is near the $1,820 level. There is also a short-term contracting triangle forming with resistance at $1,810 on the hourly chart of ETH/USD. The first major resistance is near the $1,850 level. A clear move above the $1,850 resistance might send the price toward the $1,920 resistance. An upside break above the $1,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,950 resistance zone or even $2,000 in the near term. Another Decline In ETH? If Ethereum fails to clear the $1,850 resistance, it could start a fresh decline. Initial support on the downside is near the $1,780 level. The first major support sits near the $1,750 zone. A clear move below the $1,750 support might push the price toward the $1,620 support. Any more losses might send the price toward the $1,600 support level in the near term. The next key support sits at $1,550. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,780 Major Resistance Level – $1,850

Technical analysis shows that Ethereum’s price action is currently completing a market structure that shows signs of revival. After weeks of struggling below key levels, Ethereum now appears to have completed a market structure break, with a technical analyst pointing to $1,500 as the zone where buyers have regained control, and a break above $4,000. Ethereum Structure Break And The $1,500 Turnaround Point Crypto analyst SwallowAcademy, in a recent technical breakdown of Ethereum’s weekly candlestick chart, noted that buyers have successfully initiated a clean market structure break just above the $1,500 zone. Earlier this month, Ethereum briefly dropped as low as $1,415, a level that initially appeared to signal further downside. However, what followed was a sharp reaction from bullish traders who aggressively accumulated during that dip, effectively neutralizing the intense selling pressure that had driven the price down. Related Reading: Ethereum Price Eyes $2,700 As Wyckoff Accumulation Nears Completion This influx of buyer interest not only prevented a deeper breakdown but also laid the groundwork for a notable structural shift in market behavior. Since then, Ethereum’s price has exhibited signs of strength, consistently finding support during minor retracements around the $1,500 region. This repeated defense of support led to the formation of a market structure break, which is a technical formation that often signals a transition from bearish to bullish price action. Interestingly, this structure break has seen the Ethereum price edge slowly upwards. This is a notable change, especially as the price is now climbing toward the $1,900 resistance region —a range that also aligns with the 50-week moving average and serves as a gateway to further upside. Breaking and closing above this level on the weekly timeframe could provide the necessary momentum for Ethereum to pursue higher targets, potentially signaling the beginning of a broader recovery trend.  If bulls manage to secure an Ethereum break above $1,900, it could unlock a path to multiple upside levels outlined in SwallowAcademy’s analysis, with $2,800 and $4,400 as realistic medium-term targets. FVG Fill, EMA Retest, And Why $4,400 May Be In Play A closer look at the daily chart reveals a significant fair value gap (FVG) between $1,900 and $2,800, coinciding with a cluster of exponential moving averages that have yet to be retested. According to the analyst, filling this FVG is a “must-have” condition for a smoother and more sustainable rally, especially if Ethereum is to avoid the type of choppy behavior that plagued its price action in the first quarter of 2025. Related Reading: Ethereum Price Looks Set To Crash To $1,000-$1,500, But Can It Fill The CME Gaps Upwards To $3,933 Considering the current momentum, Ethereum can easily close above the resistance at $1,900 on the daily timeframe. If sustained, this momentum should be sufficient to close above $1,900 on the weekly timeframe, fill the FVG, and surpass $2,800, which would then confirm the run to $4,000 on the weekly timeframe. Other price targets highlighted are at $2,300, $4,000, and $4,900. At the time of writing, Ethereum is trading at $1,830. Featured image from Pixabay, chart from Tradingview.com

Ethereum price started a downside correction below the $1,780 level. ETH is now consolidating near the $1,800 zone and might aim for a move above $1,820. Ethereum started a downside correction and traded below the $1,765 level. The price is trading above $1,770 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $1,815 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,820 resistance zone. Ethereum Price Eyes Fresh Gains Ethereum price remained stable above the $1,725 level and started a fresh increase, like Bitcoin. ETH traded as low as $1,746 and climbed back above the $1,770 resistance level. There was a move above the 23.6% Fib retracement level of the downward move from the $1,857 swing high to the $1,746 low. The bulls even pushed the price toward the $1,800 resistance. However, there was no close above the $1,800 resistance. The price was rejected near the 50% Fib retracement level of the downward move from the $1,857 swing high to the $1,746 low. There is also a connecting bearish trend line forming with resistance at $1,815 on the hourly chart of ETH/USD. Ethereum price is now trading above $1,770 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,800 level. The next key resistance is near the $1,820 level. The first major resistance is near the $1,850 level. A clear move above the $1,850 resistance might send the price toward the $1,920 resistance. An upside break above the $1,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,950 resistance zone or even $2,000 in the near term. Another Decline In ETH? If Ethereum fails to clear the $1,820 resistance, it could start a fresh decline. Initial support on the downside is near the $1,770 level. The first major support sits near the $1,750 zone. A clear move below the $1,750 support might push the price toward the $1,650 support. Any more losses might send the price toward the $1,620 support level in the near term. The next key support sits at $1,550. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,770 Major Resistance Level – $1,820

Ethereum price started a downside correction below the $1,800 level. ETH is now testing the $1,750 zone and might dip further toward $1,700. Ethereum started a downside correction and traded below the $1,780 level. The price is trading below $1,775 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $1,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,785 resistance zone. Ethereum Price Starts Downside Correction Ethereum price remained stable above the $1,720 level and started a fresh increase, like Bitcoin. ETH traded above the $1,750 and $1,780 levels. The bulls even pumped the price above the $1,800 level. A high was formed near $1,850 and the price recently started a downside correction. There was a move below the 50% Fib retracement level of the upward move from the $1,723 swing low to the $1,848 high. The price even dipped below the $1,800 level. There was a break below a connecting bullish trend line with support at $1,800 on the hourly chart of ETH/USD. The bulls are now active near the 76.4% Fib retracement level of the upward move from the $1,723 swing low to the $1,848 high. Ethereum price is now trading below $1,780 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,775 level. The next key resistance is near the $1,800 level. The first major resistance is near the $1,820 level. A clear move above the $1,820 resistance might send the price toward the $1,850 resistance. An upside break above the $1,850 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,920 resistance zone or even $2,000 in the near term. More Losses In ETH? If Ethereum fails to clear the $1,800 resistance, it could start a fresh decline. Initial support on the downside is near the $1,750 level. The first major support sits near the $1,700 zone. A clear move below the $1,700 support might push the price toward the $1,650 support. Any more losses might send the price toward the $1,620 support level in the near term. The next key support sits at $1,550. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,750 Major Resistance Level – $1,800

Ethereum price started a fresh surge above the $1,720 resistance. ETH is now correcting gains and might revisit the $1,700 support zone. Ethereum started a fresh rally above the $1,720 zone. The price is trading above $1,700 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $1,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,800 resistance zone. Ethereum Price Signals Downside Correction Ethereum price remained stable above the $1,680 level and started a fresh increase, like Bitcoin. ETH traded above the $1,720 and $1,750 levels. The bulls even pumped the price above the $1,800 level. A high was formed at $1,834 and the price recently started a downside correction. There was a move below the 23.6% Fib retracement level of the upward move from the $1,565 swing low to the $1,834 high. The price even dipped below the $1,780 level. There is also a connecting bearish trend line forming with resistance at $1,780 on the hourly chart of ETH/USD. Ethereum price is now trading above $1,720 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,780 level and the trend line. The next key resistance is near the $1,800 level. The first major resistance is near the $1,840 level. A clear move above the $1,840 resistance might send the price toward the $1,920 resistance. An upside break above the $1,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,950 resistance zone or even $2,000 in the near term. Are Dips Limited In ETH? If Ethereum fails to clear the $1,780 resistance, it could start a fresh decline. Initial support on the downside is near the $1,725 level. The first major support sits near the $1,700 zone and the 50% Fib retracement level of the upward move from the $1,565 swing low to the $1,834 high. A clear move below the $1,700 support might push the price toward the $1,650 support. Any more losses might send the price toward the $1,620 support level in the near term. The next key support sits at $1,550. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,700 Major Resistance Level – $1,800

Ethereum demonstrated evidence of new momentum this week as network activity and price action both reversed after a slow stretch. The second-largest cryptocurrency finally broke through a critical price barrier that had constrained its advance for over a week. Related Reading: XRP Price Prognosis: Analyst Sees $14 In Spite Of Current Troubles Active Addresses Up By Almost 10% As per statistics from CryptoQuant analyst Carmelo Alemán, Ethereum’s network experienced a notable increase in user activity between April 20 and April 22. Active addresses increased from approximately 306,000 to more than 336,000 within this three-day period, a rise of nearly 10 percent. The network is just “heating up”, according to Alemán. Ethereum is Heating Up! “Ethereum’s active addresses jumped from 306,211 to 336,366, representing a 9.85% increase in just 48 hours” – By @oro_crypto Read the full analysis ⤵️https://t.co/g55MiVnmOo pic.twitter.com/brIHtXx3Sx — CryptoQuant.com (@cryptoquant_com) April 23, 2025 This frenzy in activity at addresses is usually indicative of changes in the market mood and rising investor interest. Market analysts often consider such rises as possible early indicators of price movements, mostly when they coincide with price rise. Price Throttles Down To Major Resistance Keeping on with the struggle of breaking above $1,640 accomplished since April, the price of Ethereum finally surpassed this resistance area. Striking above $1,780, the coin has defeated the confinement left by an assertive green daily candle. For the first time in recent history, buyers appear to be taking center stage in the market. The price now reads as above both the 10-day and 20-day moving averages, indicating strength in the shorter-term. The relative strength index is just above its 50 line, exhibiting some bullish momentum without being close to the overbought zone. Technical Indicators Present Mixed Signals Some indicators show great momentum, although everything is not perfectly aligned. The moving average convergence/divergence starts synthetizing foreboding trend reversal early with slightly positive numbers. At the same time, the stochastic RSI approaches the upper limits of its range, which likely indicates short-term exhaustion unless more buyers come back soon. According to price forecasts, Ethereum will fall by 6.50% and hit $1,652 on May 24, 2025. Technical analysis indicates a bearish trend, while the Fear & Greed Index is at 64, which puts market sentiment in the “Greed” zone. In the last month, Ethereum had green days 40% of the time (12 out of 30 days) with price volatility at 9.26%, data from CoinCodex shows. Related Reading: Bitcoin Rockets To Monthly Highs As Open Interest Explodes By Over $3 Billion Network Usage Remains Low Despite Price Movement One of the confounding things about Ethereum’s current state is the divergence between price action and real-world network usage. Transaction fees are still abnormally low at about $0.31 on average, based on YCharts data. Low fees indicate that on-chain demand is still lacking despite the network being inexpensive to use. In spite of this conflicting sign, the combination of increasing active addresses and ETH holding position above prior resistance levels has enhanced the short-term picture. Should present momentum continue, market strategists will be keeping a close eye to determine whether Ethereum can make a charge in the direction of the psychologically significant $2,000 price level. Featured image from Fandom, chart from TradingView

Ethereum price started a fresh surge above the $1,750 resistance. ETH is now consolidating gains and might attempt to clear the $1,840 resistance. Ethereum started a fresh rally above the $1,750 zone. The price is trading above $1,720 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $1,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,820 resistance zone. Ethereum Price Gains Momentum Ethereum price remained stable above the $1,650 level and started a fresh increase, like Bitcoin. ETH traded above the $1,700 and $1,720 levels. The bulls even pumped the price above the $1,750 level. The pair even spiked above the $1,800 zone. A high was formed at $1,8343 and the price recently started a consolidation phase. There was a drop toward the 23.6% Fib retracement level of the upward move from the $1,565 swing low to the $1,834 high. Ethereum price is now trading above $1,720 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $1,780 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $1,820 level. The next key resistance is near the $1,840 level. The first major resistance is near the $1,880 level. A clear move above the $1,880 resistance might send the price toward the $1,920 resistance. An upside break above the $1,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,950 resistance zone or even $2,000 in the near term. Are Dips Supported In ETH? If Ethereum fails to clear the $1,820 resistance, it could start a fresh decline. Initial support on the downside is near the $1,780 level. The first major support sits near the $1,740 zone. A clear move below the $1,740 support might push the price toward the $1,700 support or the 50% Fib retracement level of the upward move from the $1,565 swing low to the $1,834 high. Any more losses might send the price toward the $1,665 support level in the near term. The next key support sits at $1,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,740 Major Resistance Level – $1,820

Ethereum’s price action appears to be setting the stage for a major move that could redefine its market trajectory by the end of 2025. Although recent months have seen the cryptocurrency’s price lose its footing, technical analysis shows that this phase might be coming to an end. Particularly, Ethereum is now trading close to a support level that could cause an upward bounce towards $4,000 by the end of 2025. Strong Demand Zone Shows Ethereum Bottoming Out Ethereum’s price action throughout 2025 has been bearish, marked by a series of structural breakdowns that have erased much of the bullish momentum carried over from Q4 2024. Since December 2024, the cryptocurrency has slipped through a series of key technical support levels, beginning with the breakdown of a fair value gap (FVG) near $3,700 in early January.  Related Reading: Ethereum Price Rebound: Breakout To $1,800 With These Two Supply Zones This was followed by a critical CHoCH (Change of Character) around $3,100 in February, signaling a definitive shift from bullish to bearish sentiment. The situation worsened in March, with Ethereum losing its $2,000 structural support level in the first week of the month, and then plummeting past a major liquidity pool at $1,700 by late March that triggered a further crash until it bottomed at $1,415 on April 9. According to a TradingView analysis, all these movements have pushed the Ethereum price to its lowest support level, which could lead to a bounce. This support level is around $1,629 on the 3-day candlestick timeframe chart. Looking at the 3-day ETH/USDT chart, Ethereum has retraced into this high-demand zone marked by multiple liquidity sweeps and previous order block confirmations back in 2023. This area triggered a significant bullish reversal in 2023, which eventually led to a surge over the ensuing year. Three Major Targets On The Path To $4,500 Now that Ethereum has bounced around this order block, the next outlook is a bounce above $2,000 and beyond, with the TradingView analyst particularly predicting a surge to $4,500. According to the TradingView analysis, there are three key price levels Ethereum is expected to hit on its way toward a new all-time high around $4,500.  Related Reading: Ethereum Price Threatened With Sharp Drop To $1,400, Here’s Why The first target sits around $2,507, a level that corresponds with a bearish order block that led to the break of structure on March 2. The second level, at $3,708, marks a more prominent resistance and is sitting around the fair value gap that arose in January. Finally, the ultimate target lies just beyond $4,500. At the time of writing, Ethereum is trading at $1,795, up by 10.7% in the past 24 hours and piggybacking off Bitcoin’s break above $90,000. Featured image from Pixabay, chart from Tradingview.com

Ethereum price started a fresh surge above the $1,650 resistance. ETH is now showing positive signs and might attempt to clear the $1,800 resistance. Ethereum started a fresh rally above the $1,650 zone. The price is trading above $1,700 and the 100-hourly Simple Moving Average. There was a break above a couple of bullish continuation patterns with resistance at $1,700 and $1,760 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,800 resistance zone. Ethereum Price Starts Fresh Rally Ethereum price remained stable above the $1,550 level and started a fresh increase, like Bitcoin. ETH traded above the $1,620 and $1,650 levels. The bulls even pumped the price above the $1,700 level. There was a break above a couple of bullish continuation patterns with resistance at $1,700 and $1,760 on the hourly chart of ETH/USD. The pair even tested the $1,800 zone. A high was formed at $1,803 and the price is showing signs of more gains above the 23.6% Fib retracement level of the upward move from the $1,566 swing low to the $1,803 high. Ethereum price is now trading above $1,700 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,800 level. The next key resistance is near the $1,820 level. The first major resistance is near the $1,850 level. A clear move above the $1,850 resistance might send the price toward the $1,920 resistance. An upside break above the $1,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,950 resistance zone or even $2,000 in the near term. Are Dips Supported In ETH? If Ethereum fails to clear the $1,800 resistance, it could start a fresh decline. Initial support on the downside is near the $1,765 level. The first major support sits near the $1,710 zone. A clear move below the $1,710 support might push the price toward the $1,700 support. Any more losses might send the price toward the $1,685 support level and the 50% Fib retracement level of the upward move from the $1,566 swing low to the $1,803 high in the near term. The next key support sits at $1,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,710 Major Resistance Level – $1,800

Cryptocurrency prices are starting to grind through a period of slow but steady gains in the past 48 hours, with Bitcoin again leading the charge and most altcoins lagging in recovery. In a recent post on the X platform, popular Bitcoin maximalist and CEO of JAN3,  Samson Mow, described the misleading nature of unit bias among altcoins. According to Mow, Ethereum at $9,200, XRP at $5,800, and Solana at $3,400 is virtually impossible, given the current supply of these tokens. Unit Bias And Market Cap: The Numbers Don’t Lie Mow’s post on X challenges how investors perceive the value of altcoins like Ethereum, XRP, and Solana. He proposed a reframing of altcoin valuations by applying Bitcoin’s supply model to them. Bitcoin was created with a total possible circulating supply of 21 million units, with 19.85 million of those currently in circulation. Related Reading: Samson Mow Dumps Bitcoin Bombshell: Current Price Action Is ‘Manufactured’, Not Natural At the time of writing, one unit of 21 million Bitcoins is trading around $88,000. This price might be too much for retail traders. As such, the idea of owning a whole unit of XRP or Solana feels more accessible to newcomers and retail traders compared to buying a fraction of Bitcoin with the same capital.  To expose how misleading this mindset can be, Mow reimagines altcoin valuations by dividing their total market capitalizations by Bitcoin’s 21 million supply cap. This is essentially asking what one unit of these assets would cost if they had the same scarcity of supply as Bitcoin. Based on current market caps, Ethereum would be valued at approximately $9,200, XRP at $5,800, and Solana at $3,400.  Given the current price of Ethereum, Solana, and XRP, these figures are unrealistic and reveal how much of the altcoin appeal is driven by unit bias rather than actual value. Furthermore, it shows that Bitcoin has better fundamentals and scarcity in its supply dynamics. Narrative Of Bitcoin Dominance Getting Stronger For Mow and other Bitcoin maximalists, the disparity in Bitcoin supply and that of popular altcoins is yet another reason why Bitcoin dominance is likely to grow stronger in the long run. Notably, the inflows into spot Bitcoin ETFs and increasing recognition among traditional finance investors are strengthening the case for Bitcoin’s dominance going forward. Related Reading: Is It Time For Altcoin Season? Bitcoin Dominance Rises To Major Rejection Zone Notably, Mow’s perspective stands in opposition to the outlook held by some analysts who still anticipate an incoming altcoin season. These analysts believe that Bitcoin dominance, despite currently sitting at a yearly high of 63.5%, could be on the verge of a reversal. One notable technical analysis even projected a sharp crash in dominance toward the 40% mark in the coming months. At the time of writing, Bitcoin is trading at $88,530, up by 1.3% in the past 24 hours. Ethereum is trading at $1,620, representing a 1.5% decline over the same period. Solana is down 0.5% at $140, and XRP is trading at $2.09 after a 1.63% decline in the past day. Featured image from Pixabay, chart from Tradingview.com

As Bitcoin (BTC) approaches the $90,000 mark, Ethereum (ETH) remains in a consolidation phase, trading just above $1,500. This divergence in price movements has sparked discussions among crypto analysts regarding the potential future trajectory of Ethereum, particularly in light of Bitcoin’s bullish momentum. Ethereum Bull Run Potential Crypto analyst Ali Martinez recently shared insights on social media platform X (formerly Twitter), suggesting that Ethereum could ignite a new bull run if it manages to breach the critical resistance level at $2,330.  Martinez emphasized that a breakout above this supply wall could signal renewed investor interest and push ETH towards significantly higher prices. However, Ethereum has been trapped in a narrow range between $1,500 and $1,650 for the past week, lacking any substantial catalysts to spur an upward movement. Related Reading: Dogecoin Stalls After 42 Days Of Flat Price Action — Is A Breakdown Coming? The immediate focus for Ethereum bulls is the $1,600 level, which has emerged as a near-term resistance point. Market expert TedPillows highlighted that Ethereum has recently broken out of a downtrend for the first time since February 2025, indicating a potential shift in market sentiment. If ETH can hold above the $1,600 threshold, analysts speculate it could rally towards the $2,000 mark by April. Conversely, some analysts, including Crypto Fella, warn of the risks associated with Ethereum’s current stagnation. The importance of a swift upward movement; a failure to break through the nearest resistance could result in a drop towards $1,200, highlighting the precarious nature of the altcoin’s current position. Bitcoin Surges Past $87,000 In stark contrast, Bitcoin’s market performance paints a different picture. The cryptocurrency’s recent surge above $87,000 is interpreted by Nicholas Roberts-Huntley, CEO of Concrete and Glow Finance, as a clear indication that investors are seeking refuge in decentralized assets amidst rising tariffs, inflation concerns, and global economic uncertainty.  This sentiment is echoed as the crypto market reacts to political tensions, particularly surrounding President Trump’s threats to remove Federal Reserve Chair Jerome Powell for not expediting interest rate cuts.  Related Reading: Bitcoin Surges Above $87,000 In Sudden Move — Here’s The Catalyst Youwei Yang, chief economist at Bitcoin mining company BIT Mining, provided further context on Bitcoin’s behavior in the current economic climate.  Yang noted that while Bitcoin may initially respond like a risk asset—similar to tech stocks—during times of crisis, it tends to stabilize and exhibit characteristics of a safe haven asset akin to gold as market conditions improve. At the time of writing, ETH is trading at $1,584, posting losses of over 3% in the weekly time frame. Even more concerning, the altcoin is still down nearly 70% from its all-time high reached in the last bullish cycle. Featured image from DALL-E, chart from TradingView.com 

Ethereum price failed to clear the $1,650 and corrected gains. ETH is now consolidating and might attempt to recover above the $1,620 resistance. Ethereum started a fresh bearish reaction from the $1,650 zone. The price is trading below $1,600 and the 100-hourly Simple Moving Average. There was a break below a short-term contracting triangle with support at $1,595 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,620 resistance zone. Ethereum Price Dips Again Ethereum price remained stable above the $1,520 level and started a fresh increase, like Bitcoin. ETH traded above the $1,600 and $1,620 levels before the bears appeared. A high was formed at $1,655 and the price started a fresh pullback. There was a move below the $1,600 level. Besides, there was a break below a short-term contracting triangle with support at $1,595 on the hourly chart of ETH/USD. The pair tested the $1,565 zone. A low was formed at $1,564 and the price is now consolidating near the 23.6% Fib retracement level of the downward move from the $1,655 swing high to the $1,564 low. Ethereum price is now trading below $1,600 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,600 level. The next key resistance is near the $1,610 level and the 50% Fib retracement level of the downward move from the $1,655 swing high to the $1,564 low. The first major resistance is near the $1,620 level. A clear move above the $1,620 resistance might send the price toward the $1,650 resistance. An upside break above the $1,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,720 resistance zone or even $1,800 in the near term. More Losses In ETH? If Ethereum fails to clear the $1,620 resistance, it could start a fresh decline. Initial support on the downside is near the $1,565 level. The first major support sits near the $1,550 zone. A clear move below the $1,550 support might push the price toward the $1,500 support. Any more losses might send the price toward the $1,450 support level in the near term. The next key support sits at $1,420. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,550 Major Resistance Level – $1,620

Crypto analyst Incognito has predicted that the Ethereum price could soon rally to as high as $2,700. This bullish prediction comes despite ETH’s underperformance so far, with the altcoin’s market share already dropping to new lows. Ethereum Price Could Rally To $2,700 As Wyckoff Accumulation Nears In a TradingView post, Incognito predicted that the Ethereum price could witness a big move to $2,700 with the Wyckoff accumulation almost over. He remarked that if support holds, the ETH should see a breakout of the falling wedge. The analyst’s accompanying chart showed that $2,499 is the target for the falling wedge, while $2,700 is the second target that Ethereum could reach on this breakout.  Related Reading: Ethereum Price Threatened With Sharp Drop To $1,400, Here’s Why However, Incognito warned that this could be a huge trap to shake out sellers, so he advised market participants to be looking to take profits. In the meantime, the Ethereum price could indeed break out to the upside, especially with the Bitcoin price attempting to reclaim the $90,000 level.  The Ethereum price is likely to reach new local highs if Bitcoin can sustain this bullish momentum, given their positive correlation. In an X post, crypto analyst Ali Martinez remarked that this week would be big for ETH as the TD Sequential just flashed a buy signal, hinting at a potential shift in momentum.   Martinez also raised the possibility of the Ethereum price recording a new bull rally. For that to happen, he mentioned that ETH needs to break the supply wall at $2,330. The leading altcoin could face significant selling pressure at that range, as 12.62 million addresses bought 68.63 million ETH around that range.  ETH May Have Already Bottomed In an X post, crypto analyst Titan of Crypto suggested that the Ethereum price has already bottomed or may be bottoming out. He revealed that the leading altcoin is progressing within a giant ascending channel on the macro chart. His accompanying chart showed that ETH could rally to as high as $4,200 following this bullish reversal.  Related Reading: Ethereum Price Suffers 77% Crash Against Bitcoin, On-Chain Deep Dive Reveals Reasons Why Crypto analyst Hardy also echoed a similar sentiment, suggesting that the Ethereum price has already reached its bottom. He noted that ETH’s weekly candle close was bullish and a good indicator of a potential reversal at the key support level around its current price. His accompanying chart showed that Ethereum could rally to as high as $4,300 on this bullish reversal.  Ethereum price reclaiming the $4,000 level could pave the way for a rally to a new all-time high (ATH). Crypto analyst Crypto Patel predicted that ETH could reach between $6,000 and $8,000 by the end of the year.  At the time of writing, the Ethereum price is trading at around $1,639, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

Ethereum price started a increase from the $1,550 zone. ETH is now rising and might attempt to recover above the $1,650 resistance. Ethereum started a fresh increase above the $1,580 and $1,600 levels. The price is trading above $1,600 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $1,590 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,650 resistance zone. Ethereum Price Eyes Upside Break Ethereum price remained stable above the $1,500 level and started a fresh increase, like Bitcoin. ETH traded above the $1,550 and $1,600 levels to enter a short-term positive zone. There was a break above a connecting bearish trend line with resistance at $1,590 on the hourly chart of ETH/USD. The pair even cleared the $1,620 resistance. A high was formed at $1,644 and the price is stable above the 23.6% Fib retracement level of the upward move from the $1,566 swing low to the $1,644 high. Ethereum price is now trading above $1,600 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,640 level. The next key resistance is near the $1,650 level. The first major resistance is near the $1,680 level. A clear move above the $1,680 resistance might send the price toward the $1,720 resistance. An upside break above the $1,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,800 resistance zone or even $1,840 in the near term. Downside Correction In ETH? If Ethereum fails to clear the $1,650 resistance, it could start a downside correction. Initial support on the downside is near the $1,620 level. The first major support sits near the $1,605 zone and the 50% Fib retracement level of the upward move from the $1,566 swing low to the $1,644 high. A clear move below the $1,605 support might push the price toward the $1,580 support. Any more losses might send the price toward the $1,550 support level in the near term. The next key support sits at $1,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,600 Major Resistance Level – $1,650

Ethereum price started a fresh decline below the $1,620 zone. ETH is now consolidating and might attempt to recover above the $1,620 resistance. Ethereum started a fresh decline below the $1,620 and $1,600 levels. The price is trading below $1,620 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $1,590 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,615 resistance zone. Ethereum Price Faces Hurdles Ethereum price struggled to continue higher above $1,690 and started a fresh decline, like Bitcoin. ETH declined below the $1,600 and $1,580 support levels. It even spiked below $1,550. A low was formed at $1,538 and the price is now attempting a recovery wave. There was a move above the $1,580 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $1,690 swing high to the $1,538 low. Besides, there was a break above a connecting bearish trend line with resistance at $1,590 on the hourly chart of ETH/USD. Ethereum price is now trading below $1,620 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,600 level. The next key resistance is near the $1,615 level or the 50% Fib retracement level of the downward move from the $1,690 swing high to the $1,538 low. The first major resistance is near the $1,655 level. A clear move above the $1,655 resistance might send the price toward the $1,700 resistance. An upside break above the $1,700 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,750 resistance zone or even $1,800 in the near term. Another Drop In ETH? If Ethereum fails to clear the $1,615 resistance, it could start another decline. Initial support on the downside is near the $1,5750 level. The first major support sits near the $1,540 zone. A clear move below the $1,540 support might push the price toward the $1,480 support. Any more losses might send the price toward the $1,420 support level in the near term. The next key support sits at $1,400. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,540 Major Resistance Level – $1,655

Ethereum transaction costs have fallen to their lowest point in five years. The drop comes as users pull back from the network amid economic concerns, according to data from Santiment, an on-chain analytics platform. Related Reading: Solana Hits Milestone As Canada OKs First Spot ETFs Ethereum Transaction Costs Plummet To Just 17 Cents The average fee to process a transaction on Ethereum now stands at approximately $0.168. This steep decline matches a pattern of reduced activity, with fewer people sending Ether or using smart contracts on the blockchain. Brian Quinlivan, marketing director at Santiment, explained the situation in an April 17 blog post. Market Uncertainty Keeps Traders On Sidelines According to Quinlivan, low network fees often appear before price rebounds. However, many traders seem to be waiting for global economic questions to clear up before they return to their normal trading patterns. ???????? BREAKING: Ethereum fees are at a 5-year low, with transactions currently costing just $0.168. This is the cheapest daily cost of making $ETH transfers since May 2, 2020. We briefly break this down in our latest insight. ????https://t.co/fg5CfRgsHn pic.twitter.com/QlLwyzdm1F — Santiment (@santimentfeed) April 16, 2025 Hesitation continues after market worries that had started from April 2 with US President Trump announcing sweeping tariffs. Traditional markets turned out to be hit alongside cryptocurrency, where most assets languish below pre-announcement values. Pectra Upgrade Set For Launch On May 7 Despite this market crisis, Ethereum development is on the move. Pectra is finally scheduled to go live on May 7 after some delays owing to the configuration hiccups as well as an unknown attacker causing problems during the testnet trials. The first part of Pectra will bring numerous enhancements to the network such as an increase to layer-2 blob capacity from three to six, transaction fee reduction, alleviation of network congestion, and also allow users to pay fees with stablecoins like USDC and DAI. The upgrade will also increase the maximum staking limit from 32 ETH to a much larger 2,048 ETH. A second phase planned for late 2025 or early 2026 will add new data structures for better storage efficiency. It will also create a system that helps nodes verify transaction data without storing the entire dataset. Long-Term Holders Begin Selling Positions Meanwhile, data from Lookonchain shows that long-term Ethereum holders are now selling their positions, even after holding through previous market cycles. These sales are happening in the $1,500 to $1,700 price range. After holding $ETH for 11 months, this guy capitulated and sold all 1,160 $ETH($1.83M) at a loss of $2.6M(-58.6%)! 11 months ago, he withdrew 1,160 $ETH($4.43M) from #OKX at $3,816, and deposited it to #OKX at $1,580 ~30 minutes ago, losing $2.6M(-58.6%).… pic.twitter.com/Cl0ebXie1f — Lookonchain (@lookonchain) April 16, 2025 The selling activity has created mixed signals for market watchers. Some analysts view this as a warning sign of a potential sell-off ahead. Others believe it could lead to market stabilization. Related Reading: Is Shiba Inu On Track To Dethrone Dogecoin? Here’s What The Experts Say This selling comes at an interesting time, with network usage at multi-year lows but major technical upgrades on the horizon. Based on Quinlivan’s assessment, reduced retail interest combined with ongoing development could create conditions for “an eventual surprise rebound with little resistance.” Ethereum price has dipped by more than 11% over the last two weeks. Based on figures from CoinMarketCap, this cryptocurrency is now trading just below $1,600. The price has remained unchanged over the last 24 hours. Featured image from Capital One, chart from TradingView

Ethereum price started a fresh decline below the $1,650 zone. ETH is now consolidating and might decline further below the $1,550 support zone. Ethereum started a fresh decline below the $1,650 and $1,620 levels. The price is trading below $1,600 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $1,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,655 resistance zone. Ethereum Price Faces Resistance Ethereum price struggled to continue higher above $1,700 and started a fresh decline, like Bitcoin. ETH declined below the $1,620 and $1,600 support levels. It even spiked below $1,550. A low was formed at $1,538 and the price is now correcting some losses. There was a move above the $1,565 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $1,690 swing high to the $1,538 low. Ethereum price is now trading below $1,600 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,600 level. There is also a new connecting bearish trend line forming with resistance at $1,600 on the hourly chart of ETH/USD. The next key resistance is near the $1,615 level or the 50% Fib retracement level of the downward move from the $1,690 swing high to the $1,538 low. The first major resistance is near the $1,650 level. A clear move above the $1,650 resistance might send the price toward the $1,690 resistance. An upside break above the $1,690 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,750 resistance zone or even $1,800 in the near term. Another Decline In ETH? If Ethereum fails to clear the $1,600 resistance, it could start another decline. Initial support on the downside is near the $1,560 level. The first major support sits near the $1,535 zone. A clear move below the $1,535 support might push the price toward the $1,500 support. Any more losses might send the price toward the $1,420 support level in the near term. The next key support sits at $1,400. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,535 Major Resistance Level – $1,650

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is preparing for a potential rally towards the $3,000 mark, a level not towardseen since early February. This comes despite a tumultuous month in which the altcoin has experienced a nearly 20% decline in price, reflecting broader trends in the cryptocurrency market currently in a bearish phase given global economic concerns. Can Ethereum Break Through $1,600 For A New Bullish Trend? Over the past two months, Ethereum’s price has faced substantial headwinds, retracing approximately 67% from its all-time high of $4,878 reached four years ago.  However, recent data indicates a slight recovery, with ETH gaining 9% on a weekly basis and currently trading above the key psychological support level of $1,500. Despite this rebound, trading volumes have dipped to around $12 billion in the past 24 hours, which suggests some caution among investors. Related Reading: Bitcoin Price Forecast: What Experts Anticipate Following The Jump Toward $85,000 Carl Moon, a cryptocurrency analyst, recently shared insights on social media platform X (formerly Twitter), suggesting that Ethereum is attempting to break out of a descending price channel. He noted, “If there’s enough volume, $ETH might reach $3,000 in the coming days.” In Moon’s analysis, the $1,500 mark serves as a critical short-term resistance level, while the $1,600 barrier looms as the next significant obstacle that must be overcome for a sustained bullish trend to emerge.  As long as ETH maintains its current position around $1,585 and buying pressure continues, a bullish scenario could unfold, preventing a drop back towards the yearly low of $1,380 reached just last week. Ascending Triangle Pattern May Lead To Key Support Retest Adding to the bullish sentiment, market expert Captain Faibik has also indicated in a social media update that the Ethereum price appears to have bottomed out and is poised for a strong rebound.  Faibik projects that ETH could reach the crucial resistance level of $2,150 in the coming days if it successfully breaks out of a broadening wedge pattern, which could signal the beginning of a new bull run for the asset. Related Reading: XRP Upswing Not Far Off As Open Interest Sways–Details Despite these optimistic analyses, challenges remain for Ethereum. Bullish catalysts are currently lacking, and there is no clear direction for the altcoin. Ali Martinez, has pointed out that Ethereum is breaking out of an ascending triangle on the hourly chart.  This pattern could lead to a potential retest of the $1,500 support level in the near term. If this support holds, it would signal a short-term victory for bulls betting on a renewed bullish trend for Ethereum. Featured image from DALL-E, chart from TradingView.com

Ethereum price started a fresh decline from the $1,690 zone. ETH is now consolidating and might decline further below the $1,580 support zone. Ethereum started a fresh decline after it failed to clear $1,700 and $1,720. The price is trading below $1,620 and the 100-hourly Simple Moving Average. There was a break below a new connecting bullish trend line with support at $1,625 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,640 resistance zone. Ethereum Price Faces Rejection Ethereum price formed a base above $1,550 and started a fresh increase, like Bitcoin. ETH gained pace for a move above the $1,600 and $1,620 resistance levels. The bulls even pumped the price above the $1,650 zone. A high was formed at $1,690 and the price recently corrected gains. There was a move below the $1,640 support zone. Besides, there was a break below a new connecting bullish trend line with support at $1,625 on the hourly chart of ETH/USD. The price tested the 50% Fib retracement level of the upward move from the $1,472 swing low to the $1,690 high. Ethereum price is now trading below $1,625 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,620 level. The next key resistance is near the $1,640 level. The first major resistance is near the $1,650 level. A clear move above the $1,650 resistance might send the price toward the $1,690 resistance. An upside break above the $1,690 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,750 resistance zone or even $1,800 in the near term. More Losses In ETH? If Ethereum fails to clear the $1,640 resistance, it could start another decline. Initial support on the downside is near the $1,580 level. The first major support sits near the $1,555 zone and the 61.8% Fib retracement level of the upward move from the $1,472 swing low to the $1,690 high. A clear move below the $1,555 support might push the price toward the $1,525 support. Any more losses might send the price toward the $1,450 support level in the near term. The next key support sits at $1,420. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,580 Major Resistance Level – $1,640

A well-known cryptocurrency commentator thinks Ethereum is poised to reach new all-time highs, potentially setting off large gains for other smaller cryptocurrencies. The analyst, Alex Becker, shared his expert analysis on these points in a recent livestream where he was talking about Ethereum’s price action and what that may portend for the wider market. Related Reading: Whale Alert: Ripple Sends 200 Million XRP Into The Shadows Ethereum Displays Signs Of Recovery Ethereum has risen nearly 5% in the past 24 hours, trading at $1,675, which is a 10% rise in the past week. The second-largest cryptocurrency recovered strongly after touching a multi-year low of $1,380 recently. The recovery has been very rapid, with Ethereum rising almost 20% in a five-day timeframe. In spite of this rise, current prices still indicate a steep 50% fall from where Ethereum had been trading at the start of 2025. Analyst Asserts 90% Probability Of Shattering Past Records The cryptocurrency also has a way to go before it hits its all-time high of $4,890, which is around 60% lower than the peak. Ethereum would have to more than double its current price to hit its previous record. Becker voiced strong optimism regarding Ethereum’s future, saying there’s a “90% chance” it will break its prior record high. He even dared viewers to come back in three years and ridicule him if his prediction fails to materialize. The analyst is optimistic in part due to what he perceives as widespread negativity in regards to Ethereum, with most investors writing it off as “dead.” However, Becker is going the other direction, indicating the cryptocurrency is overvalued and offers a good buying opportunity for those who had the willingness to accept the risks. Without hype there is a 90% chance ETH returns to its old ATH… Which will trigger huge gains in alts from these prices… Making this the easiest way to 3-8x your money in history. Ever. This isn’t even the best case scenario where it gets a true bull past aths. — Alex Becker ???????????? (@ZssBecker) April 11, 2025 Possible Ripple Effect On Other Cryptocurrencies According to Becker, an Ethereum “comeback” would have profound implications on other leading cryptocurrencies. He believes coins positioned just below Ethereum to experience explosive growth in case his expectations come to fruition. The analyst outlined specific cryptocurrencies he thinks will gain, such as Cardano (ADA), XRP, Dogecoin (DOGE), SUI, Avalanche (AVAX), and Solana (SOL). Though stressing the risks involved with cryptocurrency investing, Becker recommended such coins could be worth holding by long-term investors willing to deal with high-risk assets. Related Reading: Crypto Holders Beware! New Malware Drains ETH, SOL, XRP Wallets Price Targets And Growth Projections Becker drew a number of scenarios for growth in cryptocurrencies. For Ethereum, he predicted that a four-fold ROI on present levels can happen, and prices can possibly touch as much as $10,000 under a highly optimistic scenario. The analyst was even more optimistic about XRP, indicating that it could beat Ethereum by 25%-50% if it starts to close the market capitalization gap between the two cryptocurrencies. Even with his positive view, Becker admitted that investing in cryptocurrencies is still very risky. He cautioned that in the worst-case scenario, Ethereum can fall to $500, which is a 50% decline from current prices for investors. Featured image from Reuters, chart from TradingView

Ethereum price started a fresh increase above the $1,620 zone. ETH is now consolidating gains and might aim for more gains above $1,680. Ethereum started a decent increase above the $1,600 and $1,620 levels. The price is trading above $1,625 and the 100-hourly Simple Moving Average. There is a new connecting bullish trend line forming with support at $1,625 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,680 resistance zone. Ethereum Price Eyes More Gains Ethereum price formed a base above $1,520 and started a fresh increase, like Bitcoin. ETH gained pace for a move above the $1,580 and $1,600 resistance levels. The bulls even pumped the price above the $1,650 zone. A high was formed at $1,690 and the price recently started a downside correction. There was a move below the $1,640 support zone. The price dipped below the 50% Fib retracement level of the upward move from the $1,562 swing low to the $1,690 high. However, the bulls were active near the $1,620 zone. Ethereum price is now trading above $1,625 and the 100-hourly Simple Moving Average. There is also a new connecting bullish trend line forming with support at $1,625 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $1,660 level. The next key resistance is near the $1,680 level. The first major resistance is near the $1,690 level. A clear move above the $1,690 resistance might send the price toward the $1,750 resistance. An upside break above the $1,750 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,800 resistance zone or even $1,880 in the near term. Another Decline In ETH? If Ethereum fails to clear the $1,660 resistance, it could start a downside correction. Initial support on the downside is near the $1,620 level. The first major support sits near the $1,610 zone and the 61.8% Fib retracement level of the upward move from the $1,562 swing low to the $1,690 high. A clear move below the $1,610 support might push the price toward the $1,575 support. Any more losses might send the price toward the $1,550 support level in the near term. The next key support sits at $1,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,610 Major Resistance Level – $1,660

Ethereum might be on track to facing renewed pressure, according to an interesting technical outlook. Despite short bursts of recovery attempts, the broader market structure is still trying to flip in favor of bulls, but price movement shows that the bears are still in control. Notably, a recent technical analysis posted by crypto analyst Youriverse on the TradingView platform highlights a potential sharp drop in the price of Ethereum towards $1,400 if the current downward trend continues. Strong Rejection From Key Fibonacci Zone Hints At Persistent Resistance Technical analysis shows that the Ethereum price chart is currently characterized by a noticeable Fair Value Gap (FVG) on the 4-hour timeframe. This interesting gap was left behind after a steep 10% drop last Sunday, marking a strong area of seller dominance. Related Reading: Ethereum Price Looks Set To Crash To $1,000-$1,500, But Can It Fill The CME Gaps Upwards To $3,933 This gap represents a zone of clear imbalance where selling activity outweighs buying pressure and has influenced Ethereum’s price action throughout the past seven days. Earlier last week, Ethereum retraced into this gap, reaching the midpoint, but was met with swift rejection. This swift rejection showed the intense selling pressure present within this Fair Value Gap.  Interestingly, the Ethereum price has returned to this Fair Value Gap again, and another rejection here could send it back to a bottom below $1,400. Furthermore, Ethereum is trading within an area identified as the “golden pocket” of the Fibonacci extension indicator, which is drawn from the $1,383 bottom on April 9. Unless price action breaks decisively above this level and heads toward the next Fib level of 0.786 at $1,724, there is still a risk of a significant rejection that could lead to further downside below $1,400. Stochastic RSI Weakness Suggests Possible Downturn Ahead For Ethereum In addition to the Fair Value Gap and Ethereum’s struggle within the golden pocket of the Fibonacci retracement zone, the Stochastic RSI is now introducing another layer of bearish pressure to the current outlook. This momentum oscillator, which measures the relative strength of recent price movements, is approaching the overbought region on the daily timeframe.  Related Reading: Ethereum Pain Is Far From Over: Why A Massive Drop To $1,400 Could Rock The Underperformer Ethereum’s approach of overbought zone with the Stochastic RSI is due to inflows that have pushed the crypto’s price from the $1,383 bottom on April 9. Now that the Stochastic RSI is moving into the overbought zone, it adds to the bearish outlook that it could reject at the Fair Value Gap and start a new downside correction very soon.  So far, the Ethereum price was rejected at $1,650 in the past 24 hours, which further supports the bearish continuation thesis. If the selling pressure builds again, as suggested by both the weakening RSI and persistent resistance at the Fair Value Gap, the analyst warns of a breakdown that could drag the price to as low as $1,400, or even lower. At the time of writing, Ethereum is trading at $1,627. Featured image from Unsplash, chart from Tradingview.com

Ethereum price started a fresh increase above the $1,580 zone. ETH is now consolidating gains and might aim for more gains above $1,665. Ethereum started a decent increase above the $1,580 and $1,620 levels. The price is trading below $1,620 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $1,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,665 resistance zone. Ethereum Price Gains Pace Ethereum price formed a base above $1,500 and started a fresh increase, like Bitcoin. ETH gained pace for a move above the $1,550 and $1,580 resistance levels. The bulls even pumped the price above the $1,620 zone. A high was formed at $1,668 and the price recently started a downside correction. There was a move below the $1,650 support zone. The price dipped below the 23.6% Fib retracement level of the upward move from the $1,482 swing low to the $1,668 high. Ethereum price is now trading below $1,600 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,640 level. There is also a new connecting bearish trend line forming with resistance at $1,640 on the hourly chart of ETH/USD. The next key resistance is near the $1,665 level. The first major resistance is near the $1,680 level. A clear move above the $1,680 resistance might send the price toward the $1,720 resistance. An upside break above the $1,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,750 resistance zone or even $1,800 in the near term. More Losses In ETH? If Ethereum fails to clear the $1,640 resistance, it could start a downside correction. Initial support on the downside is near the $1,600 level. The first major support sits near the $1,575 zone and the 50% Fib retracement level of the upward move from the $1,482 swing low to the $1,668 high. A clear move below the $1,575 support might push the price toward the $1,550 support. Any more losses might send the price toward the $1,520 support level in the near term. The next key support sits at $1,480. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,575 Major Resistance Level – $1,665

Market prices of Ethereum (ETH) gained by over 4% in the past day, as the prominent altcoin broke out of a tight consolidation zone between $1,548 and $1,599. Despite some retracement in the last few hours, the growing bullish momentum in the ETH market shows signals of a sustainable price rally. Notably, renowned crypto analyst Ali Martinez has highlighted the potential next price target for the second-largest cryptocurrency. Related Reading: Ethereum Price Rebound: Breakout To $1,800 With These Two Supply Zones ETH Bulls Set Sights On $1,810 Resistance In an X post on April 12, Martinez shares an Ethereum price prediction using on-chain data from analytics company IntoTheBlock. Martinez’s post shows that Ethereum has now reclaimed a critical support level at a demand zone between $1,547 and $1,595. This zone represents a significant accumulation area, with approximately 5.48 million ETH held by 2.83 million addresses at an average purchase price of $1,574. The resurgence in buying activity around this price region indicates a considerable trading volume which is critical to sustaining the current bullish momentum. At press time, Ethereum trades at $1,642 showing signs of resilience following its recent breakout.  If the price rally persists, Martinez explains the altcoin is headed for a strong resistance zone between $1,791.11 and $1,838.86. This area contains 1.61 million ETH held by 3.2 million addresses at an average price of $1,810. Notably, this zone is visualized in red indicating that many of these investors are “out of the money” and are likely to sell once prices recover— offering a potentially significant resistance to Ethereum’s ongoing rebound. If ETH bulls can surge past this resistance level, it could confirm a trend reversal for the altcoin following a consistent decline since the altcoin hit the $4,000 price zone in December 2024. Related Reading: NEAR Poised For Surge To $2.40 As Bullish Pattern Forms Ethereum Market Overview Generally, IntoTheBlock’s data shows 56.7% of ETH addresses are currently “in the money,” representing 8.3 million ETH worth about $13.24 billion. In contrast, 41.99% (6.14 million ETH) of holders are “out of the money,” suggesting the market sentiment still largely remains cautious. Meanwhile, only 191,830 ETH (1.31% of total volume) is considered “at the money,” signaling minimal congestion around the current price level, which may favor a swift move in either direction. At the time of writing, Ethereum continues to trade at $1,642 as earlier stated, with a price decline of 8.50% in the last week. Meanwhile, daily trading volume is down by 13.08% indicating a waning market interest which could be potentially harmful to the ongoing price rally.  Featured image from iStock, chart from Tradingview