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Ethereum Bulls Targeting $1,800

Ethereum is suffering from increased sell-offs by major institutions and a decline in network activity.

Investors are shifting their focus towards Bitcoin as the value of Ethereum against Bitcoin (ETH/BTC) reaches its lowest point in five years.

Key developments, such as approval for custodial solutions, could be pivotal in the potential recovery of Ethereum.

Ethereum experienced some recovery earlier in April, but since mid-month, the currency has struggled at the $1,600 level. The largest altcoin faces challenges due to selling by large investors and decreased usage activity, making it unable to replicate Bitcoin's positive momentum.