Ethereum (ETH) Price Prediction: ETH Up for Rally As Buying Signal Flashes

Ethereum's downtrend resulted in the token's crashing to a low of $1,400 earlier in the month.

Despite being the second biggest cryptocurrency, Ethereum has witnessed the worst quarterly price performance of 5 years in Q1 25. With continuous bears’ dominance and macroeconomic events putting downward pressure on the altcoin, it is down significantly. However, that might change as the ETH price chart shows a bullish sign.

Ethereum Price Up For Rally As Buying Signal Flashes

The cryptocurrency price analysis shows that Ethereum’s downtrend crashed the token to a low of $1,400 earlier in the month. This fall has been attributed to investors’ bearish sentiments and the overall crypto market crash. However, the Ethereum price drop against Bitcoin to its lowest in years indicates underlying performance issues.

While the selling sentiments remain, a buy signal has formed in the ETH price chart, presenting the possibility of a rebound. According to the crypto analyst Ali Martinez’s X post, the TD sequential indicator is presenting Setup 9, i.e., an indicator of trend reversal.

“ETH may be gearing up for a major rebound, with the TD Sequential flashing a buy signal on the weekly chart!”

The “9” is historically proven to present buying opportunities and mark the end of the bearish trend. Moreover, the smaller body size of the candle suggests weakening selling pressure and traders opting to buy.

Besides, no major resistance exists near the chart, so a smooth uptrend can form unless any major macroeconomic event interferes.

Symmetrical Triangle Formation Supports Ethereum Price's Bullish Outlook

Recovering 3% over the week, Ethereum currently trades at $1,639.91 with a market capitalization of $197.88B. Although the recovery is slow, the token moves in a symmetrical triangle formation, simultaneously opening the possibility of an uptrend or a downtrend.

If the ETH price moves up, it could rally to $1,900, but a downside move could result in a crash to $1,380. Although uncertainty remains amid Trump’s tariff trade war, the long-term bullish Ethereum price prediction is sustained.

Considering the same, a crypto whale has just opened a $12.6M ETH Long with 5x leverage, hoping to influence investors' sentiments.

Frequently Asked Questions (FAQs)

1. Why did the Ethereum price perform so poorly in Q1 25?

The macroeconomic events and overall crypto market crash put downward pressure on the altcoin, leading to a significant fall.

2. How is the Ethereum token performing today?

The token currently trades at $1,639.91 with a market capitalization of $197.88B.

3. How are investors reacting to the ETH price performance?

One crypto whale has just opened a $12.6M ETH Long with 5x leverage.