$ETH Ethereum (ETH/USDT) Analysis – April 8, 2025

Ethereum (ETH) has shown a volatile performance recently. After dropping to a two-year low of around $1,410, ETH rebounded sharply and is currently trading near $1,568. This recovery of nearly 10% came after a steep crash driven by heavy liquidations in the broader crypto market, including major positions in DeFi protocols like Maker. Despite the bounce, ETH remains significantly down—over 65% from its 2024 highs. On the technical side, immediate resistance is seen around $1,615, while support lies near $1,522. A move above resistance could trigger further upside toward $1,700, but failure to hold support may lead to renewed selling pressure. Market sentiment remains cautious, and traders should watch for confirmation before entering new positions.