Key Takeaways
- Ethereum’s price suffers a fresh setback as prices see a 50% crash from their yearly high.
- ETH’s price trading below its 50-day and 200-day EMAs remains worrying for traders and investors as ETH bears a dominant price.
- Ethereum’s price for April continues to look uncertain following its price crashing to $1,770.
Ethereum’s price suffered a new price decline from its high of $1,900 to a low of $1,770 following the U.S. reciprocal tariff announcement. This led to the price of Bitcoin crashing from a high of $88,500 to a region of $82,000 in a few hours, as altcoins, including Ethereum, suffered major price crashes in the last 24 hours.
The price of Ethereum dropping to around $1,770 has been its lowest price crash in the last seven months. Since its price rallied to a new yearly high of $4,500, Ethereum has suffered a major price crash of over 47% in the last year.
The Ethereum ecosystem has seen a huge drop in active addresses in the past few months, and the price has struggled to find strong momentum to the upside. There is speculation suggesting Ethereum’s price must defend its price around $1,600 to avoid a steep decline towards $1,000.
Source – Ethereum Volume Analysis From Coinglass
Following a massive price crash for Ethereum, the ecosystem has also seen trading volume drop significantly in the past few months compared to when its price was trading above $3,000. This has also led to a drop in the gas fees associated with carrying out transactions on its network due to low trading activities.
Short-term speculation for Ethereum suggests the price could be headed towards a key support zone, despite speculation that altcoins and Bitcoin will see a relief bounce in April based on previous price cycles. Will Ethereum reclaim $2,500 before April ends, or will the price see a new monthly low?
Ethereum Price Prediction For April 2025 – Is Ethereum Buy or Sell?
Source – Ethereum 1W Chart From TradingView
The price of Ethereum currently trades above its weekly support zone of $1,600 following a price crash from a high of $4,100. This is an over 50% price drop since hitting a yearly high just shy of its all-time high of $4,800, as the price currently faces a key decision to trade lower towards $1,000.
The price trading below its 50-day and 200-day EMAs on the weekly timeframe suggests that ETH bears continue to dominate the market. Price could suffer further decline if $1,600 support fails to protect it.
Crypto experts and analysts hope the price of ETH doesn’t break below its $1,600 to $1,500 level to avoid the price from trading lower, as this could lead to selling orders and panic for traders and investors holding onto Ethereum in hope for a rally towards $10,000 before the end of the year.
