It has been two weeks since the Ethereum Prize (ETH) fluctuates around 1,800 USD.
Although on the one hand, it does not seem to be good news, especially for holders, however, it should always be interpreted as a good sign.
In fact, this lateralization has at least the merit of having interrupted the downward phase.
The downward phase of the Ethereum price: support or resistance of 1,800 USD?
With the electoral victory of Donald Trump, in November of last year, the price of Ethereum had increased From 2,400 USD to 4,000 USD.
However, it was only a mini-bubble, and it broke out when Trump took office in the White House in the second half.
At this point, the price of the ETH, like that of the other crypto, fell to 2,600 USD in early February, but the decline did not stop there.
In fact, at the end of February, a real anomaly began, still in progress, which brought the price of Ethereum well below the starting level of the mini-bubble in November, fixed with precision at 2,400 USD.
In mid-March, it had already fallen below 1,900 USD, and in early April, it even fell below 1,500 USD. However, this second drop was almost entirely recovered in the second half of April, about two weeks ago, With the return above 1,800 USD.
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The first etho problem
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There were two factors in particular this unusual drop in the price of Ethereum.
The first is the excessive overvaluation recorded between 2022 and 2024.
In fact, in September 2022, Ethereum went from proof of work to proof of work, which allowed him not to fall below June in the second half.
Refer The price of ETH in BitcoinIn June 2022, it was 0.054 BTC, while in September, it had increased to 0.080. He closed 2022 to 0.075 BTC, but this overvaluation was paid during the following year when he fell to 0.050 BTC, which is less than 2022.
In 2024, something similar happened, in particular with the announcement of the approval of ETH ETH ETH by the dry.
Meanwhile, the price of Ethereum in Bitcoin had dropped to 0.046 BTC, because generally only during the bull races does better than BTC on the cryptographic markets, and that the news brought it back in a very short time to 0.055 BTC.
However, when the ETHEREUM ETFE actually landed on traditional exchanges, there were strong ethn liquidations, and therefore its bitcoin price ended up falling at 0.034 BTC.
Ethereum competition
Currently, however, this price has dropped to 0.019 BTC, which is much lower than the levels at the end of October 2024.
Note that the relative peak of the last months from this point of view was reached in early November above 0.040 BTC, which is much higher than current levels.
The latter decreases, therefore, is not only due to the deflation of the mini-bulle caused by the so-called trade in Trump at the end of 2024, also because this bubble had already been completely deflated in early February.
Ethereum's second major problem is Solana's competition, especially with regard to Memecoins.
In the past, it was mainly on Ethereum that new tokens were launched, creating new use cases for ETH as a means of payment for the costs. However, for a few months now, the vast majority of new tokens have been created on Solana, creating new cases of use for soil but moving them away from the ETH.
In particular, a few days before its inauguration at the White House, Donald Trump launched his same, just on Solana. Thus, the mass offset of the same market from Ethereum to Solana has removed many cases of use of the ETH as a means of payment for the transaction costs of the different same.
1,500 USD was the last background for the price of Ethereum (ETH)
However, Ethereum prices movements in recent weeks reveal that the relative background of the last months could have been carried out.
In particular, the graph clearly shows an almost continuous decline of 4,000 USD in mid-December 2024 to 1,500 USD in early April 2025. In April, it also showed a brief period of lateralization around this last figure, followed by a rebound occurring between April 22 and 23.
At this stage, about two weeks ago, a new lateralization period started, longer and still in progress, at a higher price level, in particular USD 1,800.
By observing the table in recent months, it really seems that the descending phase is finished and that the current lateralization should be considered as a new phase which has just started.
However, this does not allow predictions to be made. In fact, not only is it not certain that the current lateralization can last much longer, but it is not possible either to completely exclude that sooner or later, a new phase of bear can be triggered.
However, several analysts argue that the rebound at the end of April in the price of Ethereum could possibly be followed by another rebound, also because the drop to 1,500 USD seems excessive, since it is in accordance with the bottom of 2023.
It could still take some time before the situation unlocks.
