Current Downturn May Precede Q2 2025 Rally, Analysts Suggest

TLDR

ETH worth has dropped to round $1,700-$1,777, down about 5% in 24 hours
Large buyers (“whales”) are accumulating ETH regardless of worth decline
Current worth patterns present similarities to ETH’s 2020 pattern reversal
Some analysts predict a parabolic rally in Q2 2025
Technical resistance ranges exist at $1,820-$1,850, with help at $1,750

The crypto market skilled a pointy decline following US President Donald Trump’s reciprocal tariff announcement. This market-wide drop worn out over $140 billion in worth inside 24 hours.

Ethereum was not spared on this downturn. The second-largest cryptocurrency by market capitalization tumbled by 5%.

ETH is at present buying and selling at roughly $1,777. This represents a major decline from its January 1st worth of round $3,350.

The cryptocurrency is now prone to setting recent cycle lows within the $1,700 vary. Some analysts warn it may doubtlessly drop additional to the $1,200 vary if present help ranges fail.

ETH is now buying and selling under each the $1,820 degree and the 100-hourly Simple Moving Average. This technical place signifies continued bearish stress within the quick time period.

Whale Accumulation Suggests Long-term Optimism

Despite the unfavourable market sentiment, massive buyers — generally known as “whales” — have been actively accumulating Ethereum.

Data reveals that wallets holding between 10,000 and 100,000 ETH have been growing their holdings at an accelerated fee since early 2025.

Analyst CryptoGoos shared charts exhibiting this whale accumulation pattern. The analyst argues that ETH is “extremely undervalued” at its present worth ranges.

Ethereum is extraordinarily undervalued.

The whales are conscious of this reality.

They’re accumulating extra $ETH at file tempo.

Follow the sensible cash. pic.twitter.com/2qu8Buk1bR

— CryptoGoos (@crypto_goos) April 2, 2025

This accumulation sample is especially noteworthy as a result of it continues regardless of ETH’s worth decline all through 2025.

Historical Patterns Point to Potential Recovery

Crypto analyst Mister Crypto means that ETH might quickly expertise a pointy momentum shift. The analyst attracts parallels between ETH’s present worth motion and its 2020 trajectory.

According to Mister Crypto, if historical past repeats itself, ETH may see sturdy bullish momentum in Q2 2025.

Retail has given up on Ethereum.

But whales have not.$ETH WILL EXPLODE IN Q2! pic.twitter.com/QIApJYa4Qf

— Mister Crypto (@misterrcrypto) April 3, 2025

Another cryptocurrency analyst, Crypto Caesar, famous that ETH is probably going approaching a backside. He factors out that it’s at present buying and selling close to the identical worth degree it held 4 years in the past.

However, CryptoBullet highlighted a regarding signal: ETH has now touched the 300-week shifting common for less than the second time in its historical past. This occasion has traditionally signaled a bearish pattern.

Technical Analysis Reveals Key Resistance Levels

For ETH to start a restoration, it should overcome a number of technical hurdles. The worth is going through resistance close to the $1,810 degree, with a short-term bearish pattern line forming.

The subsequent key resistance is close to the $1,840 degree. A transparent transfer above the $1,880 resistance would possibly ship the value towards the $1,920 degree.

If Ethereum can break above the $1,920 resistance, it’d proceed rising towards the $2,000 and even $2,050 worth zone within the close to time period.

Initial help on the draw back is close to the $1,765 degree, with main help at $1,750. If this help fails, the value may drop towards $1,720 and even $1,680.

Market professional Cryptododo7 has set bearish targets even decrease, predicting that ETH might attain the $1,130 to $1,200 vary earlier than recovering.

Despite these cautionary outlooks, market commentator Titan of Crypto maintains that ETH continues to be on monitor to succeed in new all-time highs later this yr.

The hourly MACD for ETH/USD is gaining momentum within the bearish zone, whereas the RSI stays under the 50 zone. These technical indicators recommend continued downward stress within the fast future.