ETH Price
Ethereum price Tags $1,500 As Global Stock Market Crash Triggers Circuit Breakers
Ethereum price has hit $1,5000 as Crypto market crash steepens, shedding $410 billion in the past two weeks. The sell-off is not localized to cryptocurrencies but also across the global stock markets, triggering cricuit breakers in Taiwan, Japan, Australia, Russel Futures and even in Singapore. What’s next for Ethereum (ETH) price prediction? Should you buy the dip?
Ethereum Price Suffers Amid Stock & Crypto Market Collapse
In the early Asian session, Bitcoin price slipped below $80K, Ethereum price hit $1,520 as the stock and crypto markets plummeted in reaction to Trump’s tariffs. As a result of this steep sell-off, the authorities triggered circuit breakers, aka halting trading when markets fall rapidly. Cricuit breakers were triggered in Taiwan, Japan, Australia, Singapore and in Russel Futures.
S&P 500 circuit breakers are market-wide trading halts triggered at three levels – a 7% drop pauses trading for 15 minutes, a 13% drop halts for another 15 minutes, and a 20% drop stops trading for the day.
But there are no circuit breakers in the cryptocurrency markets, which often leads to massive selloff especially if the leverage in the market is high.
As seen, ETH’s value has crashed nearly 20% in the past 21 hours and currently trades at $1,520. Is this a good place to buy ETH? Let’s explore Ethereum price predictions and key levels to watch.
Ethereum Price Prediction: Key Levels to Watch
The weekly chart for Ethereum price shows that ETH is close to a key support level at $1,504. This is the midpoint of the $1,073 to $1,934 range created between July 2022 & October 2023. The next critical support level is the orderblock at $1,278 formed in mid-December 2022. This demand zone was followed by a 77% rally in under four months. Hence, a revisit of this level could see a strong buying pressure that could absorb the selling pressure.
If the above two key levels fail to support ETH price, then the range low at $1,073 will be the final line of defense.
Ethereum price prediction remains bearish so long as any of these levels absorb selling pressure and allow ETH bulls to form a base.
If Trump’s tariffs do not stop, then a selling frenzy could make all of the aforementioned support levels meaningless. However, there is one hope for cryptocurrency as Bitcoin is as an uncorrelated asset. If demand flows into BTC amid times of uncertainty, it could fuel Ethereum price recovery rally as well.
Frequently Asked Questions (FAQs)
Ethereum price has hit $1,520 amid the crypto market crash.
The key support levels are $1,504, $1,278, and $1,073.
Ethereum price prediction remains bearish until the selling pressure is absorbed, and bulls form a base.
Akash Girimath
Senior Cryptocurrency Analyst & Market Strategist
Engineer-turned-analyst Akash Girimath delivers data-driven insights on cryptocurrency markets, DeFi, and blockchain technology for platforms like AMBCrypto and FXStreet. Specializing in technical analysis, on-chain analytics, and risk management, he empowers institutional investors and retail traders to navigate market volatility and regulatory shifts.
A hands-on strategist, Akash merges active crypto portfolio management with research on Web3, NFTs, and tokenomics. At AMBCrypto, he led cross-functional teams to redesign content frameworks, achieving record-breaking traffic growth through scalable editorial strategies. His analyses dissect market sentiment, investment strategies, and price predictions, blending macroeconomic trends with real-world trading expertise.
Known for mentoring analysts and optimizing workflows for high-impact reporting, Akash’s work is cited across global crypto publications, reaching 500k+ monthly readers. Follow his insights on YouTube, X, and LinkedIn for cutting-edge perspectives on decentralized ecosystems and crypto innovation.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Despite rolling out a large number of upgrades and innovations, the Ethereum price continues to lag behind Bitcoin (BTC) by a wide margin. Reports reveal that ETH has suffered a staggering 77% price crash against BTC — a decline likely fueled by a mix of technical, macro, and sentiment-driven factors. Notably, On-chain analytics platform, Santiment has now pinpointed and broken down the key reasons behind these price struggles.
Ethereum Price Nosedives Against Bitcoin
On April 11, Santiment released a detailed report on Ethereum, highlighting its almost four-year underperformance and the reasons behind it. Ethereum, once revered as the cryptocurrency most likely to dethrone Bitcoin, has recently suffered a brutal price decline when measured directly against BTC.
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According to Santiment’s on-chain data, Ethereum has crashed by approximately 77% against Bitcoin since December 2021. While the dollar value of ETH hasn’t completely collapsed, especially compared to other altcoins, the long-term BTC/ETH ratio still paints a gruesome picture for Ethereum holders.
Notably, Ethereum has also failed to recover anywhere near its November 2021 all-time high of $4,760. In contrast, Bitcoin has surged ahead, reclaiming much of its market dominance and outpacing ETH across almost every timeframe.
This disparity has led many traders and former maximalists to compare ETH to a “shitcoin.” Even worse, various mid to low-cap altcoins have already outperformed Ethereum over the short, mid, and long-term timeframes, causing further embarrassment for the world’s second-largest cryptocurrency by market capitalization. Based on Santiment’s report, the ETH/BTC price ratio chart alone is enough to trigger doubt and uncertainty among long-term holders.
Behind The Scenes Of Ethereum Price Struggles
Beyond price action and market volatility, Santiment reveals that there are fundamental reasons for Ethereum’s sluggish performance over the years. Some of the major criticisms that analysts and traders have pinpointed include technical, sentimental, and regulatory issues.
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Ironically, Ethereum’s Layer 2 solutions are one of the key drivers of its underperformance. L2 solutions like Arbitrum, Optimism, and zkSync are reportedly cannibalizing activity on the mainnet, taking investments from ETH while spreading investor attention thin.
Secondly, Ethereum seems to struggle with complex roadmaps and communication, which has led to investor confusion. Major updates like The Merge and Shanghai have been difficult for investors to comprehend, making ETH feel less accessible than BTC.
Thirdly, users remain frustrated by Ethereum’s relatively high gas fees and the slow rollout of key upgrades. This has pushed them toward more affordable and faster alternatives, significantly reducing adoption.
Another primary reason for Ethereum’s crash against Bitcoin is ongoing regulatory concerns. Unlike Bitcoin, which has a more established legal precedent, Ethereum faces constant uncertainty about whether it could be labeled a security.
Other points include ETH’s lack of investment appeal. While Bitcoin maintains the title as a stable digital gold, Ethereum appears to be caught in between, having no clear or attractive investment narrative. Moreover, newer blockchains like Solana and Cardano are also attracting a significant number of users with cheaper and faster solutions, ultimately pulling investments away from ETH.
The final reason Santiment has identified for Ethereum’s long-term price descent is rising selling pressure. Post-upgrade withdrawals of stakes ETHs have created steady sell-side pressure, limiting growth and momentum compared to Bitcoin.
Featured image from Unsplash, chart from Tradingview.com
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Crypto Braces for a Hidden $4.5 Trillion Catalyst for Bitcoin, Ethereum, Cardano, XRP Price
Crypto prices stabilized on Thursday, helped by the falling US inflation, Donald Trump’s flexibility on tariffs, and Paul Atkins confirmation as SEC chair. Still, Bitcoin, Ethereum, Cardano, and XRP prices have a hidden $4.5 trillion catalyst that may propel them higher this quarter.
Crypto Prices Awaits for a $4.5 Trillion Catalyst
Most crypto investors are ignoring a $4.5 trillion catalyst hidden in plain sight. This catalyst is Donald Trump’s Big, Beautiful Bill that will may be passed into law soon. In an X post, Trump called it the biggest tax cuts in USA history, saying:
“Great News! “The Big, Beautiful Bill” is coming along really well. Republicans are working together nicely. Biggest Tax Cuts in USA History!!! Getting close.”
The bill will be bullish for crypto coins like Bitcoin, Ethereum, Cardano, and XRP because of the amount it seeks to cut. The estimate is that it will extend the 2017 cuts in the Tax Cuts and Jobs Act. On top of this, it will have more incentives like eliminating taxes on tips and overtime pay.
This means that taxpayers will have more money in their bank accounts, which some may divert to investing in the crypto market. Historically, many young people use their savings to speculate in assets like Bitcoin, Cardano, Ethereum, and XRP.
Interest Rate Cuts to Boost Bitcoin, Cardano, Ethereum, and XRP Price
On top of this, the Federal Reserve may deliver another bazooka by cutting interest rates now that US inflation is falling. Data released on Thursday showed that US inflation dropped to 2.4%, and is slowly nearing the Fed target of 2.0%.
The odds of a rate cut have risen after Donald Trump declared tariffs on most countries. While he has paused tariffs on over 70 countries, he maintained the base 10%. He also maintained hefty taxes on cars, steel, and aluminum. Additionally, he boosted China tariffs to 125%.
Therefore, in a note, Mark Zandi, the respected economist at Moody’s, boosted his recession odds to 60%. He also warned that global investors may start losing faith in the US, making its bonds less of a safe haven.
Therefore, a combination of falling inflation and slow economic growth means that the Fed may deliver more cuts than expected. Polymarket traders have placed a 52% chance of the Fed cutting by June this year. Another poll shows that more participants see the Fed cutting rates three times this year.
On top of this, the Senate voted for Paul Atkins as the SEC Chair, which will lead to more deregulation and ETF approvals.
The Bottomline
Bitcoin, Cardano, Ethereum, and XRP price remain in a deep bear market this year and are in search of a catalyst. The top catalysts to watch will be the potential interest rate cuts, US tax cuts, and the recent confirmation of Atkins as the SEC chair.
Frequently Asked Questions (FAQs)
Tax cuts are seen as stimulus packages, which help to boost risky assets like cryptocurrencies like BTC, ETH, ADA, and XRP.
The most likely catalyst for these cryptocurrencies is the upcoming Federal Reserve interest rate cuts and the recent Paul Atkins confirmation.
Analysts expect the Federal Reserve will cut interest rates three times, which is a bullish sign for crypto coins.
crispus
Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Ethereum’s attempt to regain bullish momentum has hit a roadblock, as the price failed to break through the crucial $2,160 resistance level. After showing signs of recovery, ETH faced strong selling pressure at this key level, preventing a sustained breakout and disappointing bullish traders who were hoping for further upside.
Its inability to push past this resistance suggests that bears are still in control, keeping Ethereum’s price under pressure. With the momentum fading and the market sentiment turning cautious, traders are now closely watching key support zones to determine the next move.
Bearish Pressure Mounts: What’s Next For Ethereum?
Ethereum is facing increasing downside pressure as its latest recovery attempt was rejected at the $2,160 resistance level. The failed breakout has reinforced bearish sentiment, with key technical indicators signaling weakness. If buyers fail to step in, ETH could be at risk of deeper declines in the near term.
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One of the major warning signs is weak volume during the recovery attempt. A strong breakout typically requires significant buying interest, but Ethereum’s rally lacked momentum, making it easier for sellers to regain control. This lack of conviction from bulls suggests that the upside move was not sustainable, allowing bears to push prices lower.
Additionally, the Relative Strength Index (RSI) has broken down, moving below key thresholds that indicate weakening bullish strength. The current declining RSI shows that buying pressure is fading, making it difficult for Ethereum to build upward momentum. If the RSI continues trending downward, it could further confirm a prolonged bearish phase.
The Moving Average Convergence Divergence (MACD) has also turned negative, with a breakdown below the signal line and a widening gap between the MACD and its moving average. This crossover indicates that bearish momentum is accelerating, reducing the chances of an immediate recovery. When combined with other bearish signals, the MACD breakdown further supports the case for a continued downside.
Looking ahead, ETH may retest key support zones. However, a strong bounce from lower levels could offer bulls another chance to regain lost ground. For now, the charts suggest that Ethereum remains vulnerable to further declines.
Support Levels To Watch: Can Bulls Prevent Further Decline?
With attention now turning to key support levels, the first major support to watch is around $1,523, a level that previously acted as a short-term demand zone. If Ethereum holds above this area, it might provide bulls with a foundation for another rebound attempt. However, a break below this level could signal growing bearish dominance, increasing the risk of deeper losses.
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Below $1,523, the next key support lies at $902, aligning with previous price reactions and acting as a psychological level for traders. A failure to hold here may accelerate selling pressure, pushing ETH toward other support below.
Featured image from iStock, chart from Tradingview.com
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