Ethereum (ETH) Price Prediction & Analysis: History About to Repeat with a Massive Rally?

Ethereum (ETH) Price Prediction & Analysis: History About to Repeat with a Massive Rally?

TLDR

• ETH price dropped to around $1,750, down 5% in 24 hours
• Whales are accumulating ETH at an accelerated rate despite price decline
• Analysts compare current pattern to 2020, suggesting possible reversal in Q2 2025
• ETH is trading below the 100-hourly Simple Moving Average with resistance at $1,810
• Further downside risk exists with possible support at $1,720-$1,680 range

Ethereum’s price has been under pressure recently, failing to maintain support above key levels. The second-largest cryptocurrency by market capitalization currently trades at around $1,777, representing a 5% decline in the past 24 hours.

The downturn follows US President Donald Trump’s reciprocal tariff announcement, which contributed to a broader crypto market plunge that erased over $140 billion in value.

ETH now risks setting fresh cycle lows in the $1,700 range, having declined from approximately $3,350 on January 1 to its current price.

Technical indicators show Ethereum failed to stay above the $1,800 support zone, extending losses similar to Bitcoin. ETH traded as low as $1,751 before attempting a recovery.

While bulls pushed the price above $1,780 and $1,800 resistance levels, bears remain active near the $1,820 zone. The price is now consolidating but faces multiple hurdles ahead.

Whale Accumulation Signals

Despite the negative price action, on-chain data reveals an interesting counter-trend. According to analyst CryptoGoos, wallets holding between 10,000 and 100,000 ETH have been accumulating at an accelerated rate since early 2025.

Ethereum is extremely undervalued.

The whales are aware of this fact.

They're accumulating more $ETH at record pace.

Follow the smart money. pic.twitter.com/2qu8Buk1bR

— CryptoGoos (@crypto_goos) April 2, 2025

This whale accumulation persists despite ETH’s significant price decline, suggesting long-term confidence from larger investors.

Analyst Mister Crypto notes that while retail investors may have abandoned ETH, whales have not. This behavior is similar to patterns observed in 2020 before a major price reversal.

Mister Crypto shared a chart highlighting striking similarities between ETH’s current price action and its 2020 trajectory. If history repeats itself, ETH could experience strong bullish momentum in Q2 2025.

Retail has given up on Ethereum.

But whales haven't.$ETH WILL EXPLODE IN Q2! pic.twitter.com/QIApJYa4Qf

— Mister Crypto (@misterrcrypto) April 3, 2025

CryptoGoos supports this view, arguing that ETH is “extremely undervalued” at current price levels.

Technical Outlook

From a technical perspective, Ethereum price is trading below $1,820 and the 100-hourly Simple Moving Average.

The price faces resistance near $1,810, with a short-term bearish trend line forming. The next key resistance sits near $1,840 or the 50% Fibonacci retracement level of the downward move from $1,955 to $1,751.

A clear move above the $1,880 resistance might push the price toward $1,920. Breaking above this level could trigger further gains, potentially toward the $2,000 mark.

However, if Ethereum fails to clear the $1,850 resistance, another decline may occur. Initial support exists near $1,765, with major support at $1,750.

Bearish Concerns

Some analysts warn of further downside before any potential recovery. Crypto market expert Cryptododo7 predicts that ETH may target bearish levels around $1,130 to $1,200.

Analyst CryptoBullet highlighted that ETH has touched the 300-week moving average for only the second time in its history – an event that has historically signaled bearish trends.

#Ethereum Medium Term Perspective

This month $ETH hit the 300-Week MA. In its history, $ETH hit the 300-Week MA only 2 times: in June 2022 (bear market bottom) and this month – March 2025

Even if you're a bear, you can't deny that we hit a very important Support level and… pic.twitter.com/Sqbhoa2GlB

— CryptoBullet (@CryptoBullet1) March 26, 2025

More immediate support levels include $1,720, $1,680, and $1,620 if current support fails to hold.

Another analyst, Crypto Caesar, noted that ETH is likely approaching a bottom, as it currently trades near the same price level it held four years ago. However, he cautions that if ETH breaks below its current support, it could decline further to the $1,200 range.

Despite these cautionary outlooks, market commentator Titan of Crypto maintains that ETH is still on track to reach new all-time highs later this year.

The cryptocurrency continues to consolidate losses while traders closely monitor key resistance and support levels that could determine its short-term direction.

If bulls regain momentum, a recovery toward $1,920 and potentially $2,000 remains possible. However, failure to clear resistance could lead to further declines toward the $1,680-$1,620 range.

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