Ethereum Price Movement Restrained Amid Selling Pressure at the Start of April 2025

Jakarta, Pintu News – Ethereum (ETH) experienced a significant correction after failing to maintain a position above the $1,700 support level or around Rp28,410,400. After experiencing a sharp decline, ETH briefly touched a low of $1,410 (IDR 23,564,920) before attempting a recovery.

Despite rising back above $1,550 (IDR 25,403,600), the price of Ethereum has not managed to break through the key resistance area at $1,620 (IDR 27,064,640). The inability to break through this level strengthens the signal that selling pressure is still dominating the current ETH price movement.

Technical Analysis: Ethereum Struggles at Key Resistance Areas

From a technical point of view, Ethereum’s price is currently below the 100-hour simple moving average, which reinforces the bearish tendency in the short term. In addition, there is a downtrend line formed on the hourly chart of ETH/USD, with resistance points around $1,615 (€26,981,080).

The previous bull run managed to break the 23.6% Fibonacci retracement level of the price drop from $1,815 (IDR 30,313,080) to $1,410 (IDR 23,564,920). However, to continue the uptrend, the price needs to break the resistance at $1,660 (IDR27,726,320) and then $1,720 (IDR28,707,040).

If the ETH price can cross this resistance, the potential for an increase to $1,820 (IDR 30,424,640) to $1,920 (IDR 32,095,040) is open. However, so far, the $1,615-$1,620 area remains a significant obstacle that buyers have not managed to break through.

Also Read: XRP Price Prediction: Between Deep Correction and Hopes of Rebound in Crypto Market (8/4/25)

Risk of Further Downturn Still Lurking

If Ethereum fails to break the $1,620 level, then the downside potential is still considerable. The nearest initial support is around $1,540 (IDR 25,738,480), which if breached could push the price to the key support zone at $1,505 (IDR 25,135,760).

Furthermore, a drop below $1,505 could bring the price closer to the next support at $1,420 (IDR23,747,040). If the selling pressure continues, the next short-term target is $1,380 (IDR23,070,560) to $1,320 (IDR22,204,640), which is an important zone to watch.

Technical indicators such as MACD show a decrease in momentum in bullish territory, while RSI is slightly above the 50 level, signaling that the market has not really entered the oversold or overbought zone. This adds to the uncertainty regarding the direction of the next move.

Crypto Market Still Volatile, Investors Need to Be Wary

Ethereum’s current price situation reflects the general dynamics in the cryptocurrency market, which is still characterized by uncertainty and high volatility. ETH price being unable to stay above key psychological and technical levels suggests that selling pressure is still strong.

Investors and market participants are advised to exercise caution, especially in the face of price movements that have yet to show confirmation of a consistent uptrend. Using technical indicators and risk management is important to deal with the potential for rapid price fluctuations in the crypto world.

Conclusion

Ethereum’s (ETH) failure to break resistance above $1,620 reinforces the technical signal that the price recovery is not strong enough. With the potential selling pressure still high, ETH price could move down towards the next support levels. This situation illustrates the current challenges of the cryptocurrency market, which demands caution and deep understanding from every market participant.

Read More: Impact of Market Correction: Analysis of 4 Altcoins as Crypto Experiences Pressure Beginning April 2025

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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.

Reference:

• NewsBTC. Ethereum Price Rebound Stalls Below $1,620. Accessed April 8, 2025.
• Featured Image: Decrypt