Ethereum (ETH) has recently experienced notable price volatility. On April 7, 2025, ETH dropped to around $1,410 — the lowest level since March 2023. Although it rebounded to over $1,550, it failed to break the key resistance level at $1,620, indicating ongoing bearish pressure.
Technical analysis shows ETH is trading below the 100-hour simple moving average, a sign of a short-term downtrend. If the price fails to surpass $1,620, it could fall toward $1,540 or even $1,505 support levels.
As of now, ETH is priced at approximately $1,446.23, down nearly 9.9% from the previous close. Intra-day fluctuations have ranged between $1,397 and $1,606.
Some analysts believe a break above $1,850 could signal a bullish shift, but current resistance levels suggest caution. Ethereum's price action remains tightly linked to broader market sentiment, and investors should closely monitor key technical indicators before making any major moves.