Ethereum Price Prediction: Analysts Predict Massive Ethereum Rebound, 2020 Vibes Suggest Rally to $3,350!”

Ethereum, the second-largest cryptocurrency by market cap, is facing mixed sentiments right now. It trades around the $1,800 mark as of now after a 5% drop on Liberation Day. U.S. President Donald Trump announced tariffs on April 02, causing quite a stir in the crypto market. These fluctuations erased over $140 billion from the crypto market, placing ETH at risk of hitting new lows around $1,700. Despite this bearish environment, analysts are drawing parallels between Ethereum’s current price action and its trend reversal in 2020, suggesting a significant rally could be on the horizon. 

Strong Reversal Like 2020 on the Cards: Mister Crypto 

Famous crypto analyst Mister Crypto has noted similarities between ETH’s present price movements and its 2020 pattern, when the coin went from a prolonged bearish phase to a parabolic rally. In an Ethereum price prediction post on April 3, he stressed that while retail investors seem to have sold off their ETH holdings, large-scale investors are continuously acquiring the asset. Wallets holding more than 10,000 ETH have reportedly been on the rise. 

Retail has given up on Ethereum.

But whales haven't.$ETH WILL EXPLODE IN Q2! pic.twitter.com/QIApJYa4Qf

— Mister Crypto (@misterrcrypto) April 3, 2025

Analyst Says Ethereum Has Bottomed, Gains Incoming

Fellow crypto analyst CryptoGoos’ Ethereum analysis seconded this thesis, calling it “extremely undervalued” at current price levels. He also shared data showing increasing ETH acquisition by whales despite ETH’s underwhelming performance on the charts, an almost 50% fall from the January high of $3,350. Meanwhile, crypto analyst Crypto Caesar noted that ETH is trading near its four-year lows and might be bottoming. However, he warned that a break below current support could push ETH further down to the $1,200 range. 

While some experts also point to short-term bearish targets around $1,130 to $1,200, others stick to optimistic Ethereum price predictions. However, a growing belief exists in the investor community, stating that ETH is still on track to achieve new heights later this year. If history repeats itself as analysts predict, Q2 2025 could hold exciting price action for Ethereum. Given the mixed sentiments in the market, let’s take a look for ourselves at the latest price movements with an Ethereum analysis and form an ETH price prediction of our own.

ETH Price Analysis: Liberation Day Brings Bad News for Ethereum

ETH began trading yesterday at $1,790. The golden cross from the previous day sent Ethereum on an ascent, reaching $1,833 around 3:20 UTC. But, Ethereum faced stern rejection at the $1,835 mark. ETH was able to find support at $1,819, close by. The EMAs fluctuated rapidly, and ETH jumped to $1,842. However, a death cross followed right after, as ETH fell, breaking support and going all the way down to $1,808. At that point, ETH faced a reversal and started climbing again. The initial attempt saw ETH testing the $1,823 resistance.

Chart 1- published on Tradingview, April 4, 2025

Failure to break that resistance led ETH to find support at $1,757 by 12:50 UTC. The RSI reported oversold levels as the trend reversed again. ETH fluctuated rapidly between the new support and $1,790 resistance. At 15:10, ETH attempted to breach resistance again, but failed. ETH faced a slight correction, but the buying pressure kept ETH climbing in good stead, taking it to $1,822 by midnight. On April 4, ETH faced some correction early on, falling to a support of $1,783. Since then, it has been climbing again, making a strong case for a little recovery.

Ethereum Price Prediction: Will ETH Conquer $1,850 Today?

After the Liberation Day, Ethereum has stabilized in the last 24 hours. For now, ETH seems to be in a spot to continue its ascent. It looks like Ethereum will be able to go beyond the $1,823 resistance and find support nearby. If that happens, $1,850 will very much be an achievable target for ETH today.

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