Ethereum ($ETH ) recorded a price of $1,788.39 on this Monday (28), with a rise of only 0.40% in the last 24 hours.

This drop below the $1,800 mark reflects a persistent downtrend since the beginning of the year, with technical challenges and macroeconomic uncertainties impacting the market.

Downtrend since 2025

Since January 2025, Ethereum has faced difficulties in maintaining critical support levels.

Technical analyses reveal that prices remain below the key moving averages (20, 50, 100, and 200 days), with significant resistances between $1,700 and $2,600.

The Relative Strength Index (RSI), currently at 41.39, signals weak momentum, although a recovery is possible if it surpasses the 50 mark.

Macroeconomic factors

The trade tariffs imposed by U.S. President Donald Trump have caused turbulence in the global market, particularly affecting volatile assets like cryptocurrencies.

In April 2025, Ethereum reached its lowest level in two years, $1,476, consolidating a sharp decline of over 60% from the peak in December 2024. This scenario reinforces the sensitivity of the crypto market to international policies.

Delay in Pectra update

Another element fueling pessimism is the postponement of the Pectra update, initially planned for April and now scheduled for May 7.

The lack of explanation regarding the delay has raised concerns among investors, affecting confidence in the future of the network.

The update is expected to significantly expand the staking capacity of ETH, but its postponed implementation exacerbates the fragility of the market.

Implications for investors

Technical analysis suggests that investors should closely monitor the support between $1,500 and $1,600. If the price falls below this range, there is a risk of retesting at $1,400.

Despite this, there are signs of potential recovery: a breakout above $1,722 (20-day moving average) could trigger a rally up to $2,000.

However, only a sustained recovery above the 200-day moving average, at around $2,612, would indicate a strong reversal of the trend.

Sources: Cointelegraph, Investing.com, Reuters, Mercado Bitcoin

Note

Invest cautiously, using only capital that can be risked. Consult regulated exchanges, such as Mercado Bitcoin, for safe trading.

The information provided in this article is of a general nature and should not be interpreted as financial, legal, or professional advice.

Invest and make decisions cautiously, and consult qualified experts before taking action. The cryptocurrency market is highly volatile and involves significant risks.