Now has been past two weeks Ethereum Price (ETH) fluctuates around 1800 USD.
Although it may not seem good news on the one hand, especially for the owners, it should be interpreted as a good sign on the other.
In fact, this lateralization has interrupted at least the descending phase.
Ethereum price decline: 1800 USD support or resistance?
In November last year, Donald Trump had risen to Ethereum's price in November $ 2,400 to $ 4000.
However, it was just a mini -fracture and it broke out when Trump took office in the White House in the second half of January.
At this point, the price of ETH, like another crypto, fell to 2600 USD in early February, but the decline did not stop.
In fact, at the end of February, a real anomaly began, which pointed out Ethereum's price under the baseline level of the Mini-Pubble in November, exactly $ 2,400.
In mid -March, it had already dropped below $ 1900 and even dropped less than $ 1,500 in early April. This second drop almost completely recovered in the second half of April, about two weeks ago, Return over $ 1800.
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ETH first problem
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There were two factors in particular to cause this unusual decline at the price of the ethereum.
The first is an overestimation of overestimation between 2022 and 2024.
In fact, in September 2022, Ethereum switched to the evidence of the work, which allowed it not to fall from the lowest lowest in the second half of the year.
Taking a reference The price of Ethi BitcoinIn June 2022 it was 0.054 BTC, in September it had risen to 0.080. It was closed at 0.075 BTC at 2022, but it was paid for over the next year, when it fell to 0.050 BTC, which is smaller than at least 2022.
In 2024, something similar happened, especially when I announced the approval of ETH ETF by SEC.
In the meantime, the price of Bitcoin Ethereum had fallen to 0.046 BTC, as in general only the bull's run works better for ETH than BTC crypto markets, and this news brought it back to 0.055 BTC in a very short period of time.
However, when Ethereum ETF actually landed on traditional shifts, ETH was a strong liquidation of ETH and thus the price of it dropped to 0.034 BTC in bitcoins.
Ethereum competition
Currently, this price has fallen to 0.019 BTC, which is much lower than the level in late October 2024.
Note that the relative peak of recent months from this perspective was over 0.040 BTC, which is much higher than the current level.
As a result, this last decline is not only due to the mini -pubble deflation caused by the so -called Trump trade at the end of 2024, also because this bubble had already completely deflated in early February.
Another major problem with Ethereum is Solana's competition, especially for Memecoins.
Previously, Ethereum was mainly launched that new chips were launched, creating new uses for ETH as a means of payment of fees. But for a few months, the vast majority of new signs have been created in Solana, creating new uses for SOL, but taking them away from ETH.
Specifically, a few days before his take -off in the White House, Donald Trump launched his Memecoin directly in Solana. And so the mass displacement of the Memecoin market from Ethereum to Solana has taken many uses as a means of paying for various Memecoin transaction fees.
$ 1500 was the last base of the Ethereum (ETH) price
However, Ethereum's price movements in recent weeks show that the relative base of the last few months may have been made.
In particular, the diagram clearly shows almost a constant decline from $ 4,000 in mid-December 2024, 2025, in early April to $ 1,500. In April, it also shows a short side period around the last number, followed by reporting between April 22 and 23.
At this point, about two weeks ago, the new lateralization period began longer and continues to be at a higher price level, especially $ 1800.
Following the chart of the last few months, it really seems that the descending phase is over and that the current lateralization should be considered a new stage that has just begun.
But this does not allow forecasting. In fact, not only is it certain that the current lateralization can last much longer, but it is not possible to completely exclude that sooner or later a new bear phase may be triggered.
However, many analysts claim that at the end of April, a setback in the price of ethereum may eventually be followed by another setback, even because the fall to $ 1500 seems to be excessive, given that it is in line with the 2023 bottom.
It may take some time before the situation opens.
