Ethereum (ETH), known as the second-largest cryptocurrency by market capitalization, finds itself caught in a turbulent market landscape. Currently experiencing a global selloff spurred by ongoing tariff war tensions, Ethereum’s price movements reflect the chaos permeating through financial markets and remind traders that cryptocurrencies are not insulated from macroeconomic influences. As ETH slips below key psychological support levels, traders are acutely focused on one pressing question: How low can Ethereum go this April?
To navigate these troubled waters, it’s essential to dissect Ethereum’s price action through daily and hourly charts, providing insight into its current vulnerabilities and potential for recovery.
Ethereum Price Prediction: What Is the Daily Chart Signaling About Ethereum’s Trend?
Examining Ethereum’s daily chart reveals a steep downtrend gaining momentum. Recent Heikin Ashi candles exhibit long-bodied red bars, indicating strong bearish momentum with minimal upper wicks. After closing the last session at approximately $1,547—a sharp 8.13% drop in just one day—Ethereum clearly transitioned from a correction to a deeper breakdown.
Crucially, the asset has dipped below all significant moving averages, including the dreaded 200-day Simple Moving Average (SMA), which is typically a critical support level for long-term investors. Historically speaking, a breach of the 200-day SMA is a cautionary indicator signaling that investors should brace for extended bearish conditions.
The Accumulation/Distribution Line (ADL) further compounds the situation, with its sharp decline indicating that institutional investors and savvy traders are not stepping in to purchase this dip. Without any signs of accumulation, it seems unlikely that Ethereum can muster a meaningful recovery in the upcoming days.
Can the Hourly Chart Give Bulls Any Hope?
On the hourly chart, Ethereum has recently shown a bounce from a low near $1,411, climbing back up to $1,571 as of this writing. While this recovery might initially spark hope among bulls, it’s important to note that this rebound follows an extensive downtrend and remains below all major moving averages, namely the 20, 50, 100, and 200 SMAs. The 200 SMA, positioned at $1,794, is particularly distant, further emphasizing the continued bearish sentiment.
Although the Heikin Ashi candles on the hourly chart shifted to green, the lack of robust upward momentum tempers any potential optimistic interpretation. The recent spike in candle activity could be better explained as a short squeeze or profit-taking rather than a genuine trend reversal. Moreover, the ADL on this timeframe remains either flat or declining, suggesting that there is no substantial accumulation occurring, not even within these brief intervals.
In summary, the hourly chart presents a momentary reprieve from selling pressures but offers little assurance for a substantial bullish recovery.
Where Are the Key Support and Resistance Levels for Ethereum?
The immediate significant support level for Ethereum stands at $1,400, which managed to hold during the most recent downturn. Should this level be compromised under increasing selling resistance, the next targets to watch would be around $1,320 and $1,200—zones that previously acted as demand support during the 2022–2023 bear market.
On the upside, Ethereum would need to regain $1,685 (the 50 SMA on the hourly chart) to negate the prevailing short-term downtrend. However, a substantial shift in momentum would only become evident should ETH break above $1,800, where the convergence of the 200 SMA and key resistance lies. Until such levels are convincingly breached, any rallies will remain suspect and prone to swift rejections.
What Are the Chart Indicators Telling Us?
Moving Averages: Ethereum’s current price resides below all major moving averages across both daily and hourly timeframes, with the downward-sloping SMAs underscoring the prevailing bearish sentiment. This alignment typically foretells further downturn potential unless offset by significant volume-supported breakouts.
Heikin Ashi Candles: The daily candles showcase extreme bearishness, and while hourly candles have recently experienced a bounce, the absence of consistent upward momentum and volume dilutes any bullish interpretation. For bulls, the emergence of smaller-bodied, higher low candles would signify a breakdown in bearish pressure, yet such formations have yet to appear.
ADL (Accumulation/Distribution Line): Analysis of the ADL across both charts reveals a troubling downward trajectory. A declining ADL during price dips typically signifies that market participants, including influential investors, are exiting positions rather than accumulating—a disheartening signal for bullish continuations.
Ethereum Price Prediction: How Low Could It Go in April?
Should bearish pressures remain relentless and the $1,400 support line give way, we might see Ethereum plummet to levels as low as $1,200 or potentially touch the psychological mark of $1,000 within April, particularly if the macroeconomic anxieties grow and crypto sentiment further deteriorates. Such a move would embody a complete capitulation and may even form a lasting bottom.
However, if Ethereum manages to stabilize above $1,500 and successfully reclaims levels between $1,685 and $1,700, a short-term relief rally ranging from $1,800 to $1,850 could unfold. Yet, absent robust volume confirmations and an improving ADL, even such rallies would remain susceptible to rapid rejection.
Is Ethereum Headed for a Deeper Collapse?
The current position of Ethereum is undeniably precarious. With its long-term trend now broken, confirmed institutional selling, and macroeconomic headwinds intensifying amid tariff disputes, the risks of downward movement are substantial. Although the recent short-lived bounce may spark some hope, the overarching trend continues to indicate a bearish outlook unless a reversal pattern with significant volume finally emerges.
As traders collectively ponder the question—how low can Ethereum go in April?—the answer appears contingent on whether the $1,400 support holds up. Should it falter, the specter of prices retreating to the $1,200 or even $1,000 mark could quickly become a stark reality.
