ETH Price
Has Ethereum Price Bottomed? 3 Reason Why ETH Could Crash More
Ethereum (ETH) seems to be turning around its bad luck as it has rallied 18% from the previous weekly low. Does this mean Ethereum price has bottomed? Here are three reason why ETH could drop lower.
3 Reasons Why Ethereum Price Could Continue its Descent
Ethereum price has tagged the 2018 ATH of $1,385, which has many believing that this could be the bottom. However, there are three critical reasons why a further crash could be possible for ETH.
Reason 1: Weekly Price Chart Shows Key Resistance Level
The 1-week TradingView chart shows that Ethereum price is revisiting $1,630, which is the highest volume traded level since February 2021. Since the recent crash pushed ETH below it, it is upon bulls to flip this hurdle into a support floor. As long as this resistance level stands, there is a good chance ETH’s value will continue to depreciate.
Moreover, the intermediate demand zone at $1,280 is the next Ethereum price support floor that could absorb selling pressure. After this area from, $1,280 to $1,160, was fromed in December 2022, the price of ETH shot up more than 40% in the next three to four weeks without any pullbacks. Hence, a revisit of this zone is also likely.
The absolute key support or demand zone extends from $890 to $715, which is a weekly buy-side imbalance that led to near 50% weekly candlestick.
Reason 2: RSI Yet to be Oversold
On the weekly chart, the Relative Strength Index (RSI) has not yet hit oversold territory. All the major rallies for Ethereum price have begun after RSI tagged an oversold level. Hence, the chances of a further drop are likely for ETH, potentially into the $1,280 to $1,160 and $890 to $715 zones.
Reason 3: Uncertain Macroeconomic Conditions
From a macroeconomic perspective, the Trump and Xi trade war between the US & China has caused additional volatility in the stock and crypto markets. This has left Ethereum price prediction bearish due to fears of recession.
Additionally, this week has two major events: Fed Chair Powell’s speech and the March inflation announcement. The outcome of both critical news events could induce additional volatility that could kickstart a messy collapse.
So, overall, the outlook for Ethereum price remains neutral-to-bearish. However investors need to be more cautious ahead of the upcoming events amid Trump-Xi trade war.
Frequently Asked Questions (FAQs)
It’s uncertain, as three critical reasons suggest ETH could drop lower: key resistance level, RSI not oversold, and uncertain macroeconomic conditions.
The key support levels are $1,280-$1,160 and $890-$715, which could potentially absorb selling pressure.
Upcoming events like Fed Chair Powell’s speech and March inflation announcement, as well as the Trump-Xi trade war, could induce additional volatility.
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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Cardano rivals like Avalanche, Solana, Polkadot, NEAR, and Algorand are gaining market share as Ethereum faces scalability challenges.
Cardano (ADA) Tops $0.70 as Founder Predicts Ethereum Collapse
Cardano (ADA) recorded a weekly gain of 12.2%, closing above $0.70 on April 26 — its highest since February 2025.
The move follows public remarks by Cardano founder Charles Hoskinson, who stated during a CNBC interview that Ethereum’s scalability and governance limitations are likely to undermine the network within the next 15 years.
Hoskinson, an original co-founder of Ethereum, highlighted issues around layer-2 reliance, decentralization trade-offs, and ecosystem fragmentation as critical vulnerabilities.
“Without fundamental reform, Ethereum risks disintegration by 2040,” Hoskinson said, citing longstanding market concerns regarding the network’s technical roadmap.
Ethereum’s transition toward rollups and modular scaling, including recent updates such as Dencun, has not eliminated bottlenecks related to cost and throughput.
These factors has seen Cardano rivals like Solana, Avalanche and a handful of others gain ground on Ethereum in recent weeks.
Cardano Rivals to Watch if Ethereum Collapses by 2040
Notably, Charles Hoskinson founding member of Ethereum before exiting to found Cardano. Hence its unsuprisingly that his prediction of Ethereum’s collapse weighs heavy on market sentiment.
If Ethereum continues to lose market share, Avalanche, Solana, Polkadot, NEAR Protocol, and Algorand are some 5 Cardano rivals to watch in the months ahead, based on recent price trends, ETF filings and institutional demand for these assets.
Avalanche (AVAX)
Avalanche’s high transaction throughput, customisable subnets, and enterprise integrations strengthen its case as a scalable smart-contract platform.
Solana (SOL)
Solana ETF applications by Franklin Templeton, Grayscale, and VanEck remain under SEC evaluation, with decision deadlines in October 2025 according to Bloomberg chief ETF analyst Eric Balchunas.
Solana’s fast transactions through-put and growing decentralized finance (DeFi) traction continues to drive institutional and developer interest.
Polkadot (DOT)
NEAR Protocol (NEAR)
Algorand (ALGO)
In summary:
Hoskinson’s assessment of Ethereum’s future emphasizes growing concerns surround the long-term viability of the pioneer smart-contract blockchain network. Despite a leadership shuffle at the Ethereum Foundation in early March 2025, key on-chain benchmarks like scalability, governance, and decentralization resilience remain clouded under pesimism.
As regulatory clarity improves and technological differentiation widens, Cardano rivals like platforms like Avalanche, Solana, Polkadot, NEAR, and Algorand, able to meet those demands are expected to gain market share.
Frequently Asked Questions (FAQs)
Hoskinson predicts Ethereum’s scalability, governance issues, and reliance on layer-2 solutions will undermine its viability within 15 years.
Avalanche, Solana, Polkadot, NEAR Protocol, and Algorand are top contenders to gain market share if Ethereum collapses by 2040.
ETF filings forAvalanche, Solana, Polkadot, NEAR, and Algorand signal growing institutional interest and acceptance, which could drive prices higher.
ibrahim
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
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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Etheruem price retraced below the $1,700 mark on Tuesday, April 22, as bulls struggled to contain an initial 3% rally.
Galaxy Digital pivots to Solana amid Ethereum headwinds
Galaxy Digital has exchanged roughly $106 million worth of Ethereum (ETH) for Solana (SOL), according to blockchain data analytics platform, Lookonchain.
The trades occurred over the past two weeks on Binance, suggesting a significant portfolio reshuffle away from Ethereum.
This move comes as ETH price fell below $1,700 on Tuesday, after intially rallying to a new monthly peak of $1,725 around noon CET.
The firm’s transactions reflect a broader shift in institutional sentiment. Market data shows decreasing Ethereum holdings among large entities, reinforcing the narrative that confidence in ETH may be waning. Galaxy’s portfolio’s reshuffling coincides with a continued decline in Ethereum’s decentralized exchange volumes.
Ethereum dominance declines as scalability challenges persist
Ethereum’s market dominance has dropped to under 7%, marking its lowest point in years. Analysts cite ongoing scalability issues, high gas fees, and lagging Layer 2 adoption as contributors to its weakened position in the crypto ecosystem.
While Ethereum continues to lead in developer activity and protocol TVL, competitors like Solana are gaining traction due to faster transaction speeds and growing ecosystem support. Galaxy Digital’s decision to increase its exposure to SOL could signal broader adoption shifts within institutional portfolios.
Ethereum Price Forecast Today: ETH Faces Resistance Near $1,725, Pullback Towards $1,600 Could Follow
Ethereum price forecast today shows a strong intraday surge, closing at $1,701 after tapping a high of $1,725. However, the move stalls just beneath the upper Bollinger Band at $1,672, suggesting overextension.
The wide Bollinger Bands reflect heightened volatility, and the current candlestick piercing the upper band hints at a short-term overbought condition. Price may retrace toward the midline around $1,607, or further to the lower band near $1,542 if selling pressure intensifies.
Momentum indicators lend additional insight. The MACD histogram has flipped bullish, and the MACD line has crossed above the signal line, indicating short-term upside momentum. Yet, this follows an extended bearish cycle through early April, and the MACD reading remains below zero—an indication that the broader trend still lacks strength.
If Ethereum sustains above $1,725, a breakout toward $1,800 is possible. However, a failure to close above that level would confirm a resistance rejection. In that case, expect sellers to target $1,600 in the near term, especially if market volumes fail to confirm the breakout.
Frequently Asked Questions (FAQs)
Ethereum’s price has fallen due to reduced market confidence, network congestion, and institutional investors reallocating funds to alternative blockchains.
Ethereum’s market dominance has declined to under 7%, its lowest in years, amid rising competition from scalable Layer 1 networks like Solana.
Institutions are shifting to Solana due to its faster transaction speeds, lower fees, and Ethereum’s ongoing scalability and performance limitations.
ibrahim
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
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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ETH Price
Ethereum Price Eyes $3,000 as Arizona’s SB 1373 Sparks $91,000,000 Exchange Withdrawals in 48 hours
Ethereum price is showing early signs of a breakout after Arizona’s SB 1373 bill catalyzed $91 million in institutional ETH withdrawals.
Ethereum Consolidates at $1,600, but On-Chain Metrics Signal a Major Breakout
Ethereum (ETH) is consolidating near $1,600, setting the stage for a potential 80% rally as Arizona advances toward launching a state-backed digital asset reserve. Senate Bill 1373—dubbed the Strategic Digital Assets Reserve Bill—cleared a key House committee this week, marking a major milestone in U.S. crypto policy.
If enacted, SB 1373 would authorize the Arizona State Treasurer to hold and manage a diversified portfolio of digital assets, including Bitcoin, Ethereum, stablecoins, and NFTs.
The bill integrates crypto seized by law enforcement and allows the state to invest up to 10% of its annual budget in digital assets—potentially unlocking hundreds of millions in capital inflows.
ETH price has finally breached the $16,15 resistnance at press time on Saturday, April 19, having remained below $1,600 for the better part of the week. The momentum from this Arizona state’s legislative vote has sparked speculation of a broader crypto market breakout—similar to the 80% rally observed after Bitcoin first broke above $50,000 following the approval of spot ETFs in January 2024.
$91M in ETH Withdrawals Confirm Institutional Accumulation
According to on-chain data from CryptoQuant, Ethereum exchange balances fell more than 3% this week. Between April 17 and April 19, ETH holders withdrew approximately 57,000 ETH—valued at over $91 million at current prices—shortly after Arizona’s legislature advanced the Digital Assets Reserve Bill.
This significant outflow suggests strategic investors are accumulating ETH in anticipation of a macro shift. Historically, when large volumes of Ethereum are moved off exchanges during a price consolidation phase, it’s interpreted as a bottom-formation signal or bullish reversal setup.
Arizona Bill Signals Legitimacy Boost for Bitcoin, Ethereum and NFTs
The implications of SB 1373 go far beyond Arizona’s borders. It’s the first serious legislative effort to institutionalize crypto within state-level finance, creating a precedent other U.S. states could follow.
The bill’s broad definition of digital assets—including Bitcoin, Ethereum, stablecoins, and NFTs—demonstrates intent to build a modern, diversified state treasury, managed securely through institutional-grade custody solutions.
If Governor Katie Hobbs signs it into law, the move could act as a legitimizing catalyst, prompting institutional allocators to reevaluate ETH’s position in long-term investment portfolios.
Ethereum Price Forecast Today: Momentum Builds Toward $1,750 Amid Thinning Exchange Supply
Ethereum is trading at $1,619, showing early signs of upward momentum following recent policy optimism from Arizona’s pro-crypto legislation. Ethereum price forecast today leans bullish as technical indicators align with strong accumulation signals, positioning ETH for a breakout toward the $1,750–$1,800 resistance zone.
The Bollinger Bands are compressing, with price action hovering near the midline at $1,657, suggesting volatility expansion is imminent. As ETH price floats near the 20-day moving average, Ethereum is attempting a reversal from oversold conditions.
The Volume Delta indicator confirms net positive inflows over the last 48 hours, with green volume bars outpacing red, supporting a bullish divergence. If ETH closes above the $1,657 mid-band resistance, the next target is the upper Bollinger Band at $1,896. A daily close above $1,700 would invalidate the recent downtrend.
However, a failure to hold $1,585 support risks dragging ETH down to the lower Bollinger Band at $1,418. Still, Ethereum’s tightening volatility band and improving volume structure indicate that the path of least resistance is currently skewed to the upside.
Frequently Asked Questions (FAQs)
SB 1373 is legislation allowing Arizona to create a state-managed crypto reserve, investing up to 10% in digital assets.
Large withdrawals suggest institutional investors are accumulating ETH in anticipation of a long-term bullish trend sparked by Arizona’s crypto policy.
Yes, if bullish momentum continues and the bill passes into law, ETH could rally toward $3,000 based on historical breakouts.
ibrahim
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
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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