Ethereum (ETH) Prepares for the Next Big Move, Will it Rise April 2025?

Updated

March 28, 2025

Gambar Ethereum (ETH) Prepares for the Next Big Move, Will it Rise April 2025?

Jakarta, Pintu News – After experiencing a decline, the price of Ethereum seems to be finding support above the $1,980 level. Currently, the cryptocurrency is in a consolidation phase, with the potential to strengthen again. Investors and market watchers are waiting to see if Ethereum (ETH) will manage to break through the existing resistance and start a significant price movement.

Ethereum Price Resistance

Ethereum (ETH) has recently faced difficulties to continue its rise above $2,100, leading to a downward price correction. The currency dropped below the $2,020 and $2,000 support levels, indicating selling pressure. Currently, Ethereum (ETH) is trading below $2,040 and the 100-hour simple moving average.

There is also a bearish trend line with resistance at $2,050 formed on the hourly chart of ETH/USD. If Ethereum (ETH) manages to break the $2,100 resistance, there is a possibility that the currency will reach the $2,150 resistance. A further increase above this resistance could trigger further price gains in the coming sessions.

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Possibility of Further Decline

If Ethereum (ETH) fails to break the $2,050 resistance, there could be another price drop. Initial support lies near the $2,000 level, with the next major support near the $1,980 zone. A clear drop below the $1,980 support could push the price towards the $1,920 support and the existing trend line. K

he loss of this support could send Ethereum (ETH) prices towards the $1,880 support level in the short term. This will be an important indicator for investors to assess the potential for further declines.

Technical Indicators

The hourly Moving Average Convergence Divergence (MACD) indicator for Ethereum (ETH) shows a loss of momentum in the bullish zone. Meanwhile, the hourly Relative Strength Index (RSI) for ETH/USD is now below the 50 zone, signaling the potential for more selling pressure.

The key support level is currently at $2,000, while the key resistance level is $2,050. Ethereum’s (ETH) subsequent price movements will largely depend on how the currency reacts to these technical indicators and the key price zones that have been identified.

Conclusion

With all the challenges and support it faces, the future of Ethereum (ETH) price seems full of uncertainty. However, this also opens up opportunities for traders and investors to capitalize on the volatility. Investment decisions should be based on in-depth analysis and a solid understanding of the current market dynamics.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.