🔍 $ETH Market Snapshot – April 8, 2025
📉 Ethereum faced a turbulent start to the week, dipping sharply on April 7 to a 2-year low of $1,460, marking a 19% drop in 24 hours. The correction triggered over $370 million in liquidations across the market.
📊 As of today, ETH is showing slight recovery, trading around $1,579, with an intraday high of $1,608 and a low of $1,431.
🧨 What’s shaking the market?
Fake News Impact: Recent volatility was partially driven by false rumors about a 90-day crypto moratorium under President Trump's administration.
Tech Pressure: Ethereum continues to face scalability challenges and rising competition from chains like Solana.
Macro Trends: Broader market sentiment and investor caution are contributing to price pressure.
📉 Key Support to Watch:
Analysts point to $1,290 as a potential major support level. A break below could open doors for deeper corrections.
🔮 Outlook:
Despite current headwinds, long-term believers remain hopeful for recovery once the market stabilizes and the roadmap continues to evolve.
🧠 Stay sharp, stay patient. The best entries come when others panic.
