Ethereum (ETH) Price Prediction: Tariff Pause Rally Wiped Out by CPI Report

The overall cryptocurrency market has been confusing traders and investors due to its immense volatility over the past 24 hours. Amid this, an Ethereum (ETH) price prediction seems like a key topic to discuss

The overall cryptocurrency market has been confusing traders and investors with its immense volatility over the past 24 hours. Amid this, an Ethereum (ETH) price prediction seems like a key topic to discuss in order to determine where the price might head next.

Tariff Pause Rally Wiped Out by CPI Report

Following the 90-day pause on tariffs, the overall cryptocurrency market witnessed a notable upside rally, with ETH recording a price surge of over 20%. However, on April 10, 2025, all these gains have faded and the trend appears to be turning negative following the release of the United States CPI report.

Ethereum (ETH) Price Action and Technical Analysis

According to Benzinga Pro, ETH appears bearish and is currently near the make-or-break level of $1,450. This key support level will decide where the ETH price is heading in the future. ETH has been seen consolidating near this level for the past four trading days.

If the sellers continue to exert pressure and if ETH closes a daily candle below the $1,450 mark, then there is a strong possibility that it could drop another 30% to reach the $1,000 level in the coming days.

However, if the ETH price manages to stay above this key support level, then there is a strong possibility that it could once again soar and reclaim the $1,850 level in the near future.

Whale Dumps $11.80 Million Worth Of ETH

Looking at the bearish market sentiment and recent price action, an OG Ethereum whale has recently dumped 7,974 ETH worth $11.8 million at an average price of $1,479 after being dormant for 3 years. Despite this notable sell-off, the whale still holds 30,606 ETH, valued at $45.7 million.

Another #Ethereum OG starts dumping $ETH after 3 years of dormancy!He has sold 7,974 $ETH($11.8M) at $1,479 over the past 2 hours and still holds 30,606 $ETH ($45.7M).https://t.co/Le4ViWn6OW pic.twitter.com/WtRwPHQfqu

This dump by a whale who held for so long suggests that the upcoming days might be crucial, and a price decline may occur.

Current Price Momentum

At press time, ETH is trading at $1,498 and has seen a decline of 1% in the past 24 hours. During the same period, its trading volume has jumped by 10%, indicating higher participation from traders and investors compared to previous days.