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The Ethereum price prediction is struggling to trade near the resistance level of $1,600 as the coin remains below the moving averages.
Ethereum Prediction Data:
- Ethereum price now – $1,595.24
- Ethereum market cap – $192.41 billion
- Ethereum circulating supply – 120.68 billion
- Ethereum total supply – 120.68 billion
- Ethereum Coinmarketcap ranking – #2
It’s often recommended to get involved in crypto projects as early as possible, and Ethereum is a prime example of why. Since hitting its all-time low of just $0.4209 back in October 2015, ETH has skyrocketed by an astonishing 378,465%, reaching an all-time high of $4,891.70 in November 2021. This kind of exponential growth highlights the power of early adoption in the crypto space. With Ethereum now trading between $1,541 and $1,603 in the last 24 hours, it still holds massive long-term potential, especially when paired with platforms like Best Wallet, where users can easily buy, manage, and grow their Ethereum holdings in an all-in-one ecosystem.
ETH /USD Market
Key Levels:
Resistance levels: $2,100, $2,200, $2,300
Support levels: $1,100, $1,000, $900
ETH/USD is struggling to break above the resistance level of $1,600 as the coin continues to trade below the moving averages and within a bearish descending channel. ETH/USD attempted a minor recovery, currently trading around $1,595.24, but the price remains under the 9-day and 21-day moving averages, suggesting that bears still have control over the market direction. The chart reflects a consistent downtrend since the beginning of 2025, with sellers repeatedly rejecting any bullish attempts at the upper boundary of the channel.
Ethereum Price Prediction: ETH Bears Maintain Pressure
The Ethereum price is currently facing rejection at the 9-day moving average of $1,619.85, and unless the price successfully clears this level, followed by the 21-day MA at $1,791.60, bearish momentum is likely to persist. The next immediate support is located near $1,500, but if this level gives way, the price may revisit the lower boundary of the channel around $1,100, which marks a strong historical support zone. On the flip side, bulls need to push above both moving averages and sustain momentum to test the upper trendline and challenge resistance at $2,100.
Will ETH Crash Lower?
Moreover, a break above $2,100 would indicate the potential for a bullish reversal, opening the doors to further resistance at $2,200 and $2,300. However, if Ethereum fails to sustain current levels and dips further, the bearish trajectory could accelerate toward $1,100, with additional downside targets at $1,000 and $900. Overall, ETH remains technically bearish, and a decisive move out of the descending channel is essential to shift sentiment toward the upside.
ETH/BTC Faces Persistent Downtrend as Key Levels Remain Intact
ETH/BTC is currently trading at 1910 SAT, continuing to move within a firmly established descending channel. Despite a slight daily gain of +1.70%, the pair is still struggling below the critical 9-day and 21-day moving averages, located at 1960 SAT and 2110 SAT, respectively. Until ETH/BTC breaks above these moving averages and sustains momentum, the overall market sentiment remains bearish. The price is hovering just above the lower boundary of the descending channel, suggesting a fragile short-term support. If selling pressure increases again, a breakdown may send the price toward the next support levels at 1600 SAT and 1500 SAT.
On the upside, a strong push from the current level would need to clear both moving averages to confirm any bullish reversal. A decisive breakout above the 21-day MA could open the path for a retest of resistance around 2200 SAT. A move beyond this level would mark a significant shift in momentum and could attract further buying pressure. However, volume remains relatively muted, indicating hesitation among bulls. Unless a breakout occurs soon, Ethereum may continue underperforming against Bitcoin, reinforcing the current downtrend within the channel.
Moreover, @CryptoFellaTx shared with his followers on X (formerly Twitter) that $ETH – #Ethereum appears to be heavily oversold, in his opinion, and believes the market is currently overreacting to recent price movements. He emphasized that such conditions could signal a potential rebound if sentiment shifts and technical levels hold.
$ETH – #Ethereum: The market is overreacting and $ETH is heavily oversold imo. pic.twitter.com/igxmAdpWRI
— Crypto Fella (@CryptoFellaTx) April 9, 2025
Ethereum Alternatives
Ethereum remains under bearish pressure, trading within a descending channel and struggling to break above key resistance levels and moving averages. While a breakout could signal a trend reversal, the market currently faces downside risks. Amid this, Best Wallet emerges as a powerful new crypto wallet platform poised to challenge established names like MetaMask, Trust Wallet, and Coinbase Wallet. With support for over 60 blockchains and a feature-rich ecosystem that enables users to store, send, swap, sell, and manage assets, Best Wallet also provides a convenient platform for buying Ethereum directly, offering both functionality and investment opportunity in one place.
Why Best Wallet Can Surpass Trust Wallet
If you’re looking for a high-potential crypto project with strong fundamentals and real utility, now is the perfect time to consider investing in the Best Wallet token. With an all-in-one ecosystem, support for over 60 blockchains, and exciting features like portfolio management, staking, and in-app swaps, Best Wallet is built to compete with – and potentially surpass – major players like Trust Wallet and MetaMask. The project has already gained significant traction during its presale phase, showing strong demand and limited supply, which could drive future value. With exchange listings, NFT integrations, and a roadmap full of upcoming developments, getting in early on Best Wallet could offer massive upside as the project continues to grow.
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