Ethereum (ETH) seems to be lower and is ready for a massive price accident in the coming days due to the current feeling of the market and the lower price action. The past few months have been unfavorable for the global cryptocurrency market, which has experienced a significant decline.
Ethereum (ETH) and price technical analysis
In the middle of this momentum, ETH has lost several levels of key support, including an upward trend line and several horizontal support areas. Currently, the price of ETH is about to violate another level of critical support at $ 1,475.
If this happens and the Altcoin breaks below this level, we could see a significant drop in prices in the coming days.
The potential reason for this price crash in the ETH is the current tariff war between the United States and other countries.
Ethereum price prediction
According to an expert technical analysis, ETH is about to break down a key level of support at $ 1,475. Based on the action of recent prices and historical momentum, if this happens and ETH closes a daily candle below the level of $ 1,450, there is a high possibility that it can decrease by 30% to reach the level of $ 1,000 in the coming days.
In the middle of this drop in current prices, the ETH fell below the exponential mobile average (EMA) on the daily time. This indicator suggests that assets are in a strong downward trend, sellers overlooking the market.
At the time of the press, ETH is negotiated nearly $ 1,465 and has had a drop in prices of 6.50% in the last 24 hours. During this time, during the same period, the volume of negotiation of the assets dropped by 65%, which indicates a lower participation of traders and investors compared to previous days.
Whale Sell-off $ 15.70 million from Eth, what is the next step?
By looking at the current price dynamics, on April 8, 2025, a cryptocurrency sold all its participation of 10,000 ETH, worth $ 15.71 million, as reported by the transaction tracker based on the Lookonchain blockchain.
An article on X (formerly Twitter) also revealed that this whale had bought ETH between October 4 and November 14, 2022, at the average price of $ 1,292. Despite the recent drop in prices, he managed to reserve a profit of $ 2.75 million, although he missed a potential gain of $ 27.60 million if he had sold at the top.
This massive sale can create additional sales pressure and contribute to a new momentum.
