Ethereum (ETH) Price Prediction for April 2025

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Ethereum (ETH/USD) price has managed to hold a crucial support range between $1,755 and $1,800 amidst the United States’ trade war with global markets on Thursday. The large-cap altcoin, with a fully diluted valuation of approximately $217 billion and a 24-hour average trading volume of around $15.7 billion, saw a rebound above $1,800 on Friday during the early Western financial markets after trading below that level on Thursday.

Ethereum Whales on a Buying Spree

Despite the heightened fear of further crypto capitulation due to a spike in the odds of a global recession in the coming quarters, on-chain data indicates that whale investors have been actively purchasing Ether. Ethereum has notably underperformed Bitcoin, despite the approval of spot Ether ETFs in the United States and Hong Kong.

For instance, a whale purchased 6,488 Ether on Thursday after the ETH price dropped to $1,772. On-chain data from CryptoQuant reveals that whale investors, with an account balance of between 10k and 100k Ether, have been steadily accumulating more coins and currently hold over 17 million coins. In the past 24 hours, Ethereum’s largest whales have purchased more than 130k ETH.

What’s Next for Ether

From a technical analysis perspective, Ether’s price against the US dollar has been in a correction mode in the last quarter. However, Ethereum price has retested a crucial rising logarithmic support trend in the weekly timeframe, indicating a potential reversal soon. In case of a bullish sentiment ahead, Ether’s price is well positioned to reclaim $2,400 as a support level, which aligns with the weekly 200 Moving Average (MA).

However, a consistent close below $1,800 in the coming weeks could lead to renewed capitulation, possibly towards $1,500.

In conclusion, Ethereum’s price movement remains closely watched by investors and traders, with whale investors showing confidence in the digital asset by increasing their holdings. As the market continues to navigate through uncertain times, Ethereum’s future trajectory will largely depend on market sentiment and macroeconomic factors.