3 Reasons Why ETH Price Could Fall Further!

Updated

April 15, 2025

Gambar 3 Reasons Why ETH Price Could Fall Further!

Jakarta, Pintu News—Despite Bitcoin’s recent climb to close to $85,000, Ethereum seems to be following BTC’s lead and starting to reverse its downward spiral.

Since bottoming out last week, Ethereum’s price has risen 18%. However, does this mean Ethereum has hit bottom? According to crypto experts, here are three reasons why the ETH price could still fall further!

Reason 1: Weekly Price Chart Shows Key Resistance Levels

The weekly chart from TradingView shows that the price of Ethereum returned to the $1,630 level, which has had the highest trading volume since February 2021. After the latest fall pushed ETH below that level, the bulls’ job is to turn this obstacle into a floor of support.

As long as this resistance level remains in place, the value of ETH will likely continue to decline. Furthermore, the intermediate demand zone at $1,280 is the next Ethereum price support floor that could absorb selling pressure.

After this area, from $1,280 to $1,160, was formed in December 2022, ETH prices surged by more than 40% in the following three to four weeks without any pullback. Therefore, it is likely that this zone will be revisited.

Also read: XRP Price Prediction April 15, 2025: Ripple and SWIFT Potential Collaboration, XRP Ready to Surge?

Reason 2: RSI Not Oversold

On the weekly chart, the Relative Strength Index (RSI) has not yet reached the oversold region. However, all major rallies for Ethereum started after the RSI reached the oversold level. Therefore, there could be further downsides for ETH, possibly in the $1,280 to $1,160 and $890 to $715 zones.

The absolute key support or demand zone spans from $890 to $715, which is the weekly buying imbalance that led to the almost 50% rise in the weekly candlestick. Ethereum’s price decline could happen sooner than expected if the RSI continues to move like this.

Reason 3: Uncertain Macroeconomic Conditions

From a macroeconomic perspective, the trade war between Presidents Trump and Xi of the US and China has caused additional volatility in the stock and crypto markets. This has made Ethereum price predictions bearish due to fears of a recession.

Two major events this week are Fed Chair Powell’s speech and the March inflation announcement. The outcome of these two critical news events could cause additional volatility that could trigger a messy crash. Therefore, Ethereum’s price outlook remains neutral to bearish overall.

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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. 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.

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