Ethereum risks falling to $ 1620

As of early April 2025, Ethereum ETH $1,774.48 Bridged Ether (StarkGate) -7.11% Market capitalization $0.16 billion VOL. 24 hours $1.39 billion was trying to regain ground after a recent drop, but the bulls' efforts were not enough to overcome key resistance levels. The price briefly rose above $ 1,880, but then fell back below $ 1,850.

On the wave of short-term optimism, Ethereum reached $ 1,955, but sellers became more active around $ 1,950, and the rate began to lose ground. According to TradingWiew’s technical analysis, the upward support line at $ 1,865 was broken, which signaled a bearish scenario. The current trade is taking place below the 100-hour simple moving average, which indicates a loss of local upward momentum.

The nearest resistance levels for ETH are at $ 1,850 and $ 1,865, as well as at $ 1,920 — overcoming these barriers could give the market a chance to return to $ 2,000. However, analysts emphasize that it is too early to talk about a new uptrend without a clear fixation above $ 1,950.

If the decline continues, the key support is at $ 1,780. If the price falls below this level, the next targets for sellers may be $ 1,720 and $ 1,680. The lowest strategic support is forecast at $ 1,620, which will be a serious challenge for long-term investors.

Indicators also confirm the negative sentiment: The MACD is in a bearish zone, and the RSI has fallen below the neutral 50 mark. All in all, Ethereum needs a significant impetus or external factors to overcome the current inertia and return to growth.