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The Ethereum price dropped 3% in the last 24 hours to trade at $3,715.97 as of 10:46 p.m. EST as investors decrease their exposure to the altcoin leader.
Despite the decrease in the ETH price, the crypto was able to close off the month with a more than 54% gain. This marks the best month for Ethereum in 2025 so far. It was also the altcoin’s highest monthly gain in three years.
Ethereum Price Trades Sideways
Daily chart for WETH/USD (Source: GeckoTerminal)
The Ethereum price has stalled between the support level at $3,483.25 and the resistance level at $3,848.59 over the past week, data from GeckoTerminal shows. There have been several attempts to push ETH past this zone, but none of them have led to a bullish rally.
Nevertheless, there is still an opportunity for bulls to take control and boost the altcoin leader’s price. If buyers try again, the Ethereum price could finally break above the barrier at $3,848.59. Thereafter, continued bullish pressure might result in a climb to as high as $4,274.81 in the short term.
However, a rejection from the $3,848.59 resistance might result in a more bearish scenario playing out. In this alternative case, impatient traders might push the Ethereum price down below the nearest support at $3,483.25. Falling below this technical safety net could then lead to a plunge to as low as $3,163.58.
Bears Might Take Over Complete Control Of The Ethereum Price Soon
From a technical point of view, indicators on the daily chart, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), warn the Ethereum price might drop over the next 24-48 hours.
In the last few days, a major bearish technical flag was triggered by the MACD, after the MACD line crossed below the MACD Signal line during this period. Since the two lines intersected, the gap between them has started to grow as well, which is a classic indication that bearish momentum is starting to pick up steam.
There has also been a drop in buying power over the last couple of days, as evident by the decrease in RSI readings during this period. While the latest reading around the mid 60s still favors bulls, the downward slope of the RSI line suggests that this advantage could be lost in the next 24-48 hours if buyers don’t re-enter the crypto’s charts.
With Ethereum trading sideways, investors are turning their attention to Best Wallet (BEST). Crypto Boy, a popular YouTuber with over 61.5K subscribers, says it is one of the best cryptos to buy.
The Only Wallet Crypto Investors Need
Best Wallet is a new crypto wallet project that debuted in the market in late 2024 only to become one of the best offerings available, and it’s easy to see why. Not only does the wallet come with a range of features and support for over 60 blockchains, all of this functionality is also accessed through a beginner-friendly user interface.
From in-app staking for thousands of cryptos across various chains, to a native decentralized exchange (DEX) and a token launchpad, Best Wallet is pulling both crypto newcomers and experts in.
Before Best Wallet launched, there were multiple wallets that offered different functionality. As a result, users had to download and use multiple apps in order to interact with different DeFi protocols. Now, all of this is consolidated in a single platform.
What’s more, users can also import their wallets from across the DeFi ecosystem into Best Wallet, simplifying portfolio management.
While centralizing all of their wallets could present security risks to users, they can rest assured that they are protected. Not only is Best Wallet non-custodial, meaning private keys are not stored on a centralized server, the app also comes with biometric scanning for access control as well as 2-factor authentication.
Of all of the features Best Wallet has to offer, its “Upcoming Tokens” section that flags high-potential, early-stage cryptos is a standout. So far it has flagged Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that have printed massive gains for investors.
BEST Presale Races Towards $15 Million
Best Wallet has already raised over $14.39 million in its ongoing presale, signaling strong investor confidence in the project’s future.
Interested investors can buy BEST for $0.025415 apiece via the simple widget on its site using either crypto or bank card.
To secure the best ICO deal, investors will want to buy before the next presale price hike in less than 17 hours.
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