Ethereum Market Analysis – April 11, 2025
Ethereum remains in a critical zone as it attempts to find a bottom, but has yet to show convincing strength. The price broke below the key $2,000 support some time ago and is now trading within a deeper support region, around the 78.6% Fibonacci retracement—a possible inflection point.
Key Insights:
ETH is oversold, but that alone doesn’t guarantee a reversal.
The structure of recent price action suggests a three-wave rally followed by a three-wave decline, keeping open the possibility for a bullish ABC structure or an ongoing Wave 4 correction.
A possible triangle formation (A-B-C-D-E) is under consideration, but more wave data is needed to confirm this.
No clear reversal signal on the lower timeframes yet; so far, price movements remain corrective and lack impulsive follow-through.
A break above $1,625 (Wednesday high) and especially above $1,687 (signal line) is needed to confirm bullish intent.
Until ETHBTC reverses upward, Bitcoin remains the stronger option in the crypto space.
Outlook:
Cautiously neutral. Ethereum could be forming a local low, but confirmation is needed. A five-wave move up, followed by a three-wave pullback that holds key support, would mark the first solid sign of a trend reversal. Until then, it's a wait-and-see scenario with eyes on key short-term levels.
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