$ETH In the past month, the price of Ethereum dropped from $2,067.76 on March 25 to $1,769.83 on April 24, a decline of approximately 14.4%, with significant volatility.
The closing price of Ethereum fell from $2,067.76 on March 25 to $1,769.83 on April 24, a decrease of about 14.4%. During this period, the price hit a low of $1,472.55 on April 8, indicating notable downward pressure. The highest point was $2,067.76 on March 25, after which the price gradually declined, but saw a rebound after April 22, closing at $1,757.33, further rising to $1,796.10 on April 23, and slightly dropping to $1,769.83 on April 24. Trading volume reflects the market activity directly.
Technical Analysis
From a technical perspective, Ethereum's price experienced multiple breakouts and pullbacks over the month. The low of $1,472.55 on April 8 may serve as an important support level, followed by a gradual rebound, with the closing price on April 24 at $1,769.83 close to this support. In the short term, the price may continue to fluctuate between $1,700 and $1,800; if it breaks through $1,800, it may test the resistance level of $2,000; if it falls below $1,700, it may further decline to around $1,500.
In the long term, Ethereum, as the cornerstone of smart contracts and decentralized applications, may find price support from the development of its ecosystem. Market Sentiment and Future Outlook In the past month, the price trend of Ethereum reflects cautious market sentiment. Although the price has generally declined, multiple rebounds indicate there is still buying support. Investors may be waiting for more positive news or technical breakthroughs.
Conclusion Ethereum's price has dropped approximately 14.4% in the past month, with significant volatility. The high trading volume days on April 7 and 9 show the market is active but uncertain. In the short term, the price may fluctuate between $1,700 and $1,800, with long-term potential still present.
Friends, what do you think about the future of Ethereum? Welcome to leave comments for discussion!
