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Home Market & Analysis

Ethereum Price Tanks Hard—Can It Survive the $1,500 Test?

by n70products
April 7, 2025
in Market & Analysis
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Ethereum Price Tanks Hard—Can It Survive the $1,500 Test?
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Ethereum value didn’t recuperate above $1,820 and dropped under $1,650. ETH is now consolidating losses and may face resistance close to the $1,675 zone.

  • Ethereum failed to remain above the $1,650 and $1,620 ranges.
  • The value is buying and selling under $1,650 and the 100-hourly Easy Transferring Common.
  • There was a break under a connecting bullish pattern line with help at $1,775 on the hourly chart of ETH/USD (knowledge feed through Kraken).
  • The pair stays vulnerable to extra losses under the $1,550 help zone.

Ethereum Worth Dips Additional

Ethereum value failed to remain above the $1,800 help zone and prolonged losses, like Bitcoin. ETH declined closely under the $1,750 and $1,700 ranges.

There was a break under a connecting bullish pattern line with help at $1,775 on the hourly chart of ETH/USD. The bears even pushed the worth under the $1,600 stage. A low was shaped at $1,537 and the worth lately corrected some losses.

There was a transfer above the $1,580 stage. The value examined the 23.6% Fib retracement stage of the downward transfer from the $1,815 swing excessive to the $1,537 low. Nonetheless, the bears are energetic close to the $1,600 zone. The value is now consolidating and dealing with many hurdles.

Ethereum value is now buying and selling under $1,650 and the 100-hourly Simple Moving Average. On the upside, the worth appears to be dealing with hurdles close to the $1,600 stage.

The subsequent key resistance is close to the $1,675 stage or the 50% Fib retracement stage of the downward transfer from the $1,815 swing excessive to the $1,537 low. The primary main resistance is close to the $1,710 stage. A transparent transfer above the $1,710 resistance may ship the worth towards the $1,820 resistance.

Ethereum Price
Supply: ETHUSD on TradingView.com

An upside break above the $1,820 resistance may name for extra beneficial properties within the coming classes. Within the acknowledged case, Ether may rise towards the $1,880 resistance zone and even $1,920 within the close to time period.

One other Decline In ETH?

If Ethereum fails to clear the $1,600 resistance, it may begin one other decline. Preliminary help on the draw back is close to the $1,550 stage. The primary main help sits close to the $1,535 zone.

A transparent transfer under the $1,535 help may push the worth towards the $1,420 help. Any extra losses may ship the worth towards the $1,400 help stage within the close to time period. The subsequent key help sits at $1,350.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum within the bearish zone.

Hourly RSI – The RSI for ETH/USD is now under the 50 zone.

Main Assist Stage – $1,550

Main Resistance Stage – $1,600



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Tags: EthereumHardCanPriceSurviveTanksTest
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