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The Ethereum price fell 14% in the last 24 hours to trade at $1,548 as of 1:16 a.m. EST on trading volume that surged 341% to $30.3 billion.
This drop in the ETH price comes as Jim Cramer, American TV personality and market analyst, warned of a 1987 Black Monday repeat, owing the bloodbath to US President Donald Trump’s retaliatory tariffs.
Jim Cramer just predicted a possible BLACK MONDAY similar to the 1987 stock market crash. pic.twitter.com/0kuoan4BUr
— Josh Philip Phair (@JoshPhilipPhair) April 5, 2025
On Oct. 19, 1987, the Dow Jones dropped 22.6%, causing a global market crash.
On April 6, Dow Jones futures dropped 1,405 points (3.7%), signaling a potential ‘Black Monday’, as S&P futures fell 4.3% and Nasdaq-100 futures tumbled 5.4%.
How will the market decline affect the price of Ethereum?
Ethereum Price Analysis: Breakdown Signals Continued Bearish Trend
The ETH price has broken decisively below a large falling wedge pattern formed over the past month within a broader bearish price channel.
The wedge was marked by a series of lower highs (points A, B, C, and D), according to GeckoTerminal data. The Ethereum price invalidated the bullish outlook of the falling wedge pattern, going under the lower boundary of the falling wedge pattern.
Currently, ETH is trading around $1,548.74, a significant drop from the wedge’s upper resistance area, showing continued weakness.
Both the 50 Simple Moving Average (SMA) and 200 SMA on the 4-hour chart are above the current price of Ethereum, sitting at $1,804.36 and $1,953.05, respectively.
These SMAs are declining, and with the price of ETH trading well beneath both, the overall momentum favors the bears.
The Relative Strength Index (RSI) is at 19.83, which places it deep in oversold territory. This highlights the severity of the sell-off and could imply capitulation among traders.
ETH Price Prediction
Given the confirmed breakdown from the descending wedge and the positioning of key moving averages, the Ethereum price could still be under intense selling pressure.
The immediate support zone now lies near the psychological level of $1,500, and if that fails, further downside toward $1,400 or even $1,350 could materialize.
However, due to the deeply oversold RSI, the ETH price could go through a short-term bounce to retest the $1,700–$1,750 area.
This would likely act as a resistance zone and potential rejection point unless buyers can reclaim that level with strong volume.
Meanwhile, investors are rushing to buy a new AI agent crypto called MIND of Pepe (MIND). 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, says MIND has the potential to soar 100X after launch.
MIND Of Pepe Presale Closes On The $8 Million Mark
MIND of Pepe has quickly gained attention, raising over $7.88M in its presale. Its success comes from combining AI technology with meme coin appeal.
Unlike regular meme coins, MIND features an AI agent that analyzes market trends, provides crypto insights, and even creates new tokens.
This allows investors to get in early on AI-generated cryptocurrencies, making MIND a one-of-a-kind and promising project in the market.
This AI agent is also designed to deploy its own tokens, trade them, advertise them, sell them for profit, and reinvest the earnings into its native token, MIND.
🔥 MIND of Pepe $MIND Update 🔥
MIND of Pepe $MIND continues its unstoppable evolution, solidifying its position as the most advanced AI-powered crypto-intelligence system
LLM Persona Refinement
MoP’s language model is getting sharper!
◉ Enhanced intelligence & engaging… pic.twitter.com/H56ATBvKzn
— MIND of Pepe (@MINDofPepe) March 20, 2025
MIND holders also have the opportunity to stake their tokens for a stratospheric 286% annual percentage yield (APY).
Currently, MIND tokens are priced at $0.0036817 and can be bought with either crypto or bank cards via the easy-to-use widget embedded on the project’s website.
Interested investors will want to act fast because MIND’s price will undergo a scheduled presale increase in less than 16 hours.
Visit the MIND of Pepe website.
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