The price of ETH fell to $1,400, but data shows that professionals are still not ready to abandon ship.
The price of Ether fell to $1,410 on April 7, 2025, marking its lowest level since March 2023. This sharp drop triggered liquidations of leveraged ETH futures exceeding $370 million in 2 days, according to CoinGlass data. However, the altcoin managed to recover above the $1,500 mark while the S&P 500 index reclaimed its psychological support level of 5,000.
In the last 30 days, Ether has underperformed the overall cryptocurrency market by 14%. Despite this, professional traders are still not ready to turn bearish, as suggested by Ethereum derivative data and on-chain metrics. While this data does not guarantee that the price of Ether has hit the bottom, the reduced demand for bearish positions below $1,600 offers some reassurance to bullish investors.
Despite the strong pressure from U.S. President Donald Trump for cuts in interest rates, as he expressed in his post on Truth Social on April 7, Federal Reserve Chairman Jerome Powell remains cautious regarding inflation trends. According to Yahoo Finance, Powell reportedly stated on April 4: "It is too early to say what the appropriate path for monetary policy will be."
