TLDR
- The ETH Prize has dropped to approximately $ 1,700-$ 1,777, a decrease of about 5% in 24 hours
- Large investors (“whales”) gather ETH despite the price decline
- Current price patterns show similarities with ETH’s 2020 Trending use
- Some analysts predict a parabolic rally during Q2 2025
- Technical resistance levels are available at $ 1,820 $ 1,850, supported at $ 1,750
The crypto market experienced a sharp decline after US President Donald Trump’s mutual customs message. This market -wide drop wiped out over $ 140 billion in value within 24 hours.
Ethereum was not saved in this decline. The second largest cryptocurrency by market value tumbled by 5%.
ETH is currently traded at about $ 1,777. This represents a significant decline from its January 1 price of about $ 3,350.
Cryptocurrency now risks setting the low bike in the range $ 1,700. Some analysts warn that it can potentially drop further to the $ 1,200 range if the current support levels fail.
ETH is now traded below both the $ 1,820 level and the 100 hour simple sliding average. This technical position indicates continued baissed pressure in the short term.
Valence -collection suggests long -term optimism
Despite the negative market entry, large investors – often called “whales” – have actively collected Ethereum.
Data reveals that wallets that hold between 10,000 and 100,000 eths have increased its holdings at a faster rate since the beginning of 2025.
Analyst Cryptogoos shared charts showing this valence -collection trend. The analyst claims that ETH is “extremely undervalued” at its current price levels.
Ethereum is extremely undervalued.
The whales are aware of this fact.
They gather more $ in record.
Follow smart money. pic.twitter.com/2qu8buk1br
– Cryptogoos (@crypto_goos) April 2 2025
This accumulation pattern is particularly remarkable as it continues despite ETH’s price decline in 2025.
Historical designs point to potential recovery
Crypto analyst Mister Crypto suggests that ETH may soon experience a sharp momentum shift. The analyst draws parallels between ETH’s current price measure and its 2020 track.
According to Mister Crypto, if the story repeats itself, ETH could see a strong hausse momentum during the second quarter of 2025.
The retail trade has given up Ethereum.
But whales have not done so.$ Will explode in the second quarter! pic.twitter.com/qiapjya4qf
– Mister Crypto (@misterrcrypto) April 3, 2025
Another Cryptocurrency analyst, Crypto Caesar, found that ETH is likely to approach a bottom. He points out that it currently acts close to the same price level as it contained four years ago.
However, the Cryptobullet emphasized a sign of signs: ETH has now touched on the 300-week sliding average for just the second time in its history. This event has historically signaled a baisse -like trend.
Technical analysis reveals important resistance levels
In order for ETH to start a recovery, it must overcome several technical obstacles. The prize is facing resistance close to $ 1,810 level, with a short-term baisse-like trend line design.
The next key resistance is close to $ 1,840 level. A clear feature above $ 1,880 resistance can send the price to the level of $ 1,920.
If Ethereum Can break over the $ 1,920 resistance, it can continue to rise to $ 2,000 or even $ 2,050 in the short term.
The first support on the disadvantage is close to $ 1,765 level, with great support of $ 1,750. If this support fails, the price may fall to $ 1,720 or even $ 1,680.
Marketing expert Cryptododo7 has set baisse -like goals even lower and predicts that Ethics can reach $ 1,130 to $ 1,200 interval before recovering.
Despite these precautionary prospects, market commentator Titan from Crypto claims that ETH is still on track to reach new highest times later this year.
The hour MACD for ETH/USD gains momentum in the Baissian zone, while RSI remains below the 50 zone. These technical indicators indicate continued downward pressure in the immediate future.
