Ethereum Slips Again — Is a Crash to $1,000 Now on the Horizon? (April 4, 2025)
Jakarta, Pintu News – The price of Ethereum continues to come under pressure and has now dropped below the $1,800 level. When compared to its peak in November, ETH has corrected almost 60%.
A number of weakening fundamental indicators-such as a decline in the number of active addresses, large outflows from ETFs, and falling revenues from network fees-further strengthen the signal that ETH has the potential to fall deeper, and could even reach the $1,000 level in the near future.
Ethereum Price Drops 1.09% in 24 Hours
On April 4, 2025, the price of Ethereum (ETH) hovered around $1,806, or approximately IDR 30,336,900, marking a 1.09% drop over the past 24 hours. Within that time frame, ETH reached a daily high of IDR 30,865,733 and dipped to a low of IDR 29,470,515, reflecting ongoing volatility in the market.
At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $218 billion, with daily trading volume falling 33% to $15.59 billion in the last 24 hours.
Read also: Bitcoin Holds Strong at $83K on April 4 — Institutions Are Scooping Up BTC Like Never Before!
Ethereum Price Could Plummet: Active Address & Network Fees Drop
Reporting from Coingape (3/4/25), the price of Ethereum is predicted to fall to the $1,000 level in the near future.
On-chain data shows that the number of active addresses continues to drop dramatically-a sign that some ETH holders are starting to “leave.” In January, the number of active ETH addresses was still above 575,000, but has now shrunk to just 333,000.
In addition, the burn rate of ETH also continues to slow down, as transaction fees on the Ethereum network decline.
Based on data from TokenTerminal, Ethereum network revenue only reached $222 million, lagging far behind Uniswap , Solana (SOL), Jito (JTO), Circle , Tron (TRX), and Tether . In fact, throughout 2024, Ethereum was the leader in terms of fees.
Ethereum ETF Outflows Surge
Furthermore, another pressure came from the ETF sector. Outflows from the Ethereum ETF surged to $403 million during March, bringing its cumulative total to $2.36 billion. In comparison, Bitcoin has recorded inflows of over $36 billion since January last year.
Analyst sentiment towards Ethereum has also started to turn negative. Last month, Standard Chartered even cut its price projection for ETH by 60%, from its previous target of $4,000.
Read also: 4 Explosive Crypto Traders Can’t Stop Watching This April 2025!
Amidst these conditions, ETH prices were also overshadowed by a wave of market fear, especially after former US President Donald Trump launched a retaliatory tariff policy that sparked fears of a recession.
Technical Analysis: ETH Price Threatened to Fall to $1,000
If we take a closer look at Ethereum’s weekly chart, the risk of it continuing to fall is even more apparent. This is due to the formation of a triple-top pattern that occurred between March 11 and December 16 last year. This pattern consists of three parallel peaks and aneckline as a trend-defining boundary.
In this case, the three peaks formed around $4,045, while the neckline is at $2,130. Currently, the ETH price has broken below that neckline, which strengthens the bearish signal.
The Average Directional Index (ADX) technical indicator also shows 30, indicating that the downward trend is strengthening.
If we measure the distance from the peak to the neckline, there is a drop of about 50%. With a similar calculation from the neckline down, the price of ETH could potentially fall to $1,000, which is about 42% lower than the current level.
However, if the price is able to rise again and break the important resistance at $2,130 (triple-top neckline), then this bearish prediction can be canceled. If that happens, the opportunity for ETH to rise towards $2,500 will be more open.
That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.
Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.
Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.
*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. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Coingape. Ethereum Price Eyes Crash to $1K as Active Addresses & Fees Plunge. Accessed on April 4, 2025
