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Performance in the first quarter of 2025
In the first four months of 2025, Ethereum accumulated significant losses. It closed March with a drop of over 45% and, at the beginning of April, its price fell below $1,500. This drop moved the price away from key levels like $2,000 (mid-year resistance). In fact, since January 1, ETH went from around $3,375 to just over $1,768 by April 30 (–47.6%). In contrast, Bitcoin barely suffered –1.3% in the same period, while Solana fell ~–24%. Part of this divergence is explained by Solana's extraordinary demand (especially following a wave of “meme coins”), while ETH saw lower relative institutional capital inflow.
Technical analysis (trends and key levels)
Technically, ETH moved in a lower lateral range. By the end of April, it hovered around $1,800, consolidating below the key resistance at $1,850. A technical rebound of +13% weekly with volumes 76% higher (week ending in April) indicated buyer interest. However, the medium-term trend remained bearish: a net break below ~$1,470–1,440 would open a scenario for additional decline towards $1,380 or less. On the opposite side, breaking resistances above $2,100–2,150 would be necessary to reverse this year's decline. For example, technical analysis points out important supports around $1,470 and $1,380, while the next resistance pivots are located between $1,900–$1,938 and $2,105–$2,556.
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