Ethereum (ETH) is currently trading around $1,553, showing a small daily gain. However, it’s still down over 50% from its highs earlier in the year. Recently, ETH dipped about 2% despite news of a major $6.4 million investment by BlackRock into an Ethereum-focused ETF, showing that institutional money isn't yet boosting the price significantly.
The broader Ethereum ecosystem is also under pressure. NFT sales on the Ethereum network dropped by 58% in March, reflecting weaker interest in digital collectibles and decentralized applications. Despite short-term challenges, analysts remain optimistic for the long run. Many predict Ethereum could recover to between $3,500 and $3,700 by the end of 2025, thanks to expected regulatory improvements and growing institutional adoption.
In the short term, though, ETH faces resistance near $1,755, and the overall market mood remains cautious. Traders are watching closely for signs of stronger momentum or further drops.
