On April 28, 2025, some analysts believe that ETH has consolidated above 1800 for several days with technical indicators showing high horizontal alignment. After a quick recovery following today's pullback, there may be bullish potential. Here are some related analyses:
From a technical analysis perspective
• Short-term Trends: According to an analysis from Crypto Headlines on April 28, ETH is currently in a technical rebound within a downward trend, fluctuating between 1750 and 1777. If it stabilizes above 1770, the fluctuation range will shift to 1760-1785. After a quick recovery following a pullback today, it indicates that there is certain support at this position, with strong buying power. In the short term, prices are expected to continue testing the upper resistance level of 1810.
• Long-term Trends: Some analysts point out that the Ethereum price chart follows a pattern not seen since early 2020, when ETH exceeded 4000% to 4800 dollars after a decline in its realized price. Currently, analysts have identified similar divergences, suggesting the possibility of a return trajectory toward 4800 dollars. Additionally, from a longer-term technical perspective, Ethereum is consolidating within a three-year ascending triangle formation, with the potential for a new 'paradigm shift'.
From the perspective of market sentiment and fundamentals
• Market Sentiment Recovery: After experiencing significant fluctuations in the market, some investors' confidence in the cryptocurrency market has somewhat recovered, and market panic has eased. This shift in sentiment may have a positive impact on ETH prices, encouraging more investors to pay attention to and participate in ETH trading.
• Ethereum Ecosystem Development: The role of Ethereum in DeFi and Layer-2 solutions is growing increasingly significant. As blockchain technology continues to develop and application scenarios expand, the potential value and market demand for Ethereum may also increase accordingly. For example, the advancement of Ethereum 2.0 and the optimization of Layer 2 solutions will further enhance network performance and transaction efficiency, which will have a positive impact on ETH prices.
• Institutional Investment and Regulatory Expectations: Some analysts believe that if regulatory policies become more favorable, institutional investors may increase their allocation to ETH. A cryptocurrency-friendly U.S. Securities and Exchange Commission (SEC) in 2025 could bring more policy support, and the tokenization efforts of major players like BlackRock will also continue to increase, all of which may provide new upward momentum for ETH prices.
However, it is important to note that the cryptocurrency market is highly uncertain and risky. Price trends are influenced by a variety of factors, including macroeconomic conditions, changes in regulations, and market competition. Although there are some bullish signs at present, investors should remain cautious and closely monitor market dynamics and changes in relevant factors to manage risks effectively.
