Ethereum Price Prediction: ETH Surges 5%, But Savvy Investors Turn To This Surging Solana Layer 2 Presale

The Ethereum price has surged 5% in the last 24 hours to trade at $1,571 as of 7:00 a.m. EST on a 27% plunge in trading volume to $30 billion.

Ethereum Price Signals A Short Term Reversal Within The Channel

The Ethereum (ETH/USDT) pair shows  a daily range between $1,541 and $1,618, reflecting moderate volatility as the market responds to a prolonged bearish trend.

A significant support zone lies between $1,000 and $1,250, where the price consolidated for several months. This area served as a strong sell-side liquidity zone, with consistent buyer activity forming a solid foundation for the rally that followed in November.

After this consolidation, Ethereum surged sharply from around $1,250 to $3,273, breaking through multiple resistance levels and activating buy-side liquidity above previous swing highs. However, starting in mid-December 2024, the price entered a bearish descending channel that continued into April 2025.

ETHUSDT Analysis Source: Tradingview

The chart also marks several breaks of structure (BOS) during this decline, confirming the strength of bearish momentum. ETH appears to have broken out of the channel, with current price action hovering just above the channel’s lower boundary near $1,550, which could signal the early stages of a trend reversal or at least a corrective bounce.

Ethereum Price Targets Recovery As RSI Signals Rebound

The immediate resistance zone is between $1,850 and $2,000, where prior breakdowns occurred, and the selling pressure may resume. Above this lies a broader order block (OB) zone near $2,300 and a major buy-side liquidity region around $3,300 to $4,400, where the price previously topped out during the bullish leg.

The Relative Strength Index (RSI) points to a potential bullish rebound. With the current reading at 28.88, Ethereum is hovering close to oversold territory. This condition signals growing chances of a short-term upward move, possibly targeting the $1,850–$2,000 resistance zone.

Ethereum has recently broken out of a prolonged bearish channel and is trading above a key support level near $1,550. However, if this breakout does not hold and the price falls below $1,550, there is a likelihood of a pullback toward the $1,250 support level or potentially a deeper drop into the $1,000–$1,200 consolidation zone.

Solaxy Presale Heads For $30M – Best Crypto To Buy Now?

Even as Ethereum gains traction, investors are focusing their attention on Solaxy (SOLX), a Solana layer 2 project that’s already raised over $29.4 million in its presale.

Solaxy’s goal is to tackle Solana’s network congestion and enhance scalability. Built to improve the high-speed Solana blockchain, which is known to experience occasional outages under heavy load, Solaxy uses roll-up technology similar to Ethereum’s Arbitrum and Optimism.

According to crypto analyst and YouTuber Jacob Bury, who boasts over 55k subscribers, SOLX could surge up to 10x after launch.

Solaxy enhances transaction efficiency by processing and batching them off-chain before final settlement on the Solana mainnet. This strategy significantly reduces network congestion, lowers gas fees, and improves overall performance.

Thanks to its innovative design and ambitious roadmap, Solaxy has gained notable traction during its presale phase. The project’s core objective is to bridge Solana and Ethereum, enabling smooth cross-chain interactions within the Web3 ecosystem.

Recent developments, such as introducing a new sequencer for faster confirmations and more efficient rollups—highlight the team’s dedication and the project’s rapid progress.

Additionally, Solaxy offers an appealing staking program with an impressive 138% annual return, creating strong incentives for long-term investors.

Curiosity isn't always a good thing…

But $SOLX gets it right.

Speed ✅
Security ✅
Innovation ✅https://t.co/mdaTX9aVVx pic.twitter.com/DGmKQL3vud

— SOLAXY (@SOLAXYTOKEN) April 6, 2025

SOLX is priced at just $0.001688 per token and can be purchased using ETH, USDT, BNB, or a bank card.

Investors interested in locking in the best deal should act quickly, as the price is set to increase in less than 30 hours.

Visit the Solaxy website for more details.

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