Ethereum
Crypto Analyst Who Called Ethereum Price Dump Says ETH Is Now Undervalued, Time To Buy?

Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Crypto analyst Doctor Profit, who called the Ethereum price dump, is now providing a bullish outlook for ETH. Based on his analysis, now might be a great time to buy Ethereum, which has so far underperformed other top cryptocurrencies.
Analyst Says ETH Is Now Undervalued Following Ethereum Price Dump
In an X post, Doctor Profit stated that ETH is undervalued now following the Ethereum price dump. He noted that the leading altcoin is sitting at a historical support at $1,800, the same support he had predicted that ETH would dump to. With this massive correction and fear in the market driving Ethereum to this support level, the analyst claimed that the altcoin is undervalued now.
Related Reading
His analysis suggests that now might be a great time to accumulate ETH as the Ethereum price could rebound from this historical support. Indeed, some investors are already using this massive correction as an opportunity to stack up more coins. IntoTheBlock data shows that Ethereum’s ‘Concentration’ metric is currently bullish, indicating that ETH whales are adding to their positions.
Besides Doctor Profit, crypto analyst Astronomer also believes that ETH is currently undervalued and predicts that the Ethereum price could revisit $4,000. He highlighted several technical signals that indicate that the leading altcoin could reach these highs. The analyst also alluded to the $1,800 support, noting that this range has historically been a launch pad for price recoveries.
However, crypto analyst Kledji has predicted that the Ethereum price could still drop to as low as $1,400 before rebounding. He stated that ETH will likely consolidate around this range for a while before it rallies to this $1,400 target later this month. His analysis suggested that the altcoin’s downtrend depended on Bitcoin’s performance. Therefore, if BTC recovers from this range, ETH will unlikely drop to that $1,400 level.
ETH’s Dominance Is On The Decline, But History Could Repeat Itself
In an X post, crypto analyst Rekt Capital revealed that ETH’s dominance has dropped from 20% to 8% since June 2023 as a result of the Ethereum price dump. He then noted that Ethereum’s dominance has historically reversed this 8% zone to become more market-dominant. The analyst then raised the possibility of history repeating itself, with ETH recovering well and enjoying a higher market dominance.

Crypto analyst Crypto Patel is also confident that the Ethereum price will rebound soon. His accompanying chart showed that ETH could bounce from this $1,800 support and enter phase 3 of the Wyckoff chart, sending its price to as high as $6,800, a new all-time high (ATH).
Related Reading: Ethereum Price: Analyst Predicts ‘Most Hated Rally In Crypto’
At the time of writing, the Ethereum price is trading at around $1,800, up over 1% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Unsplash, chart from Tradingview.com
Ethereum
Is Ethereum Price Nearing A Bottom? This Bullish Divergence Suggests So


The cryptocurrency market was fairly stable despite the global macroeconomic headwind that rocked the traditional markets during the past week. The Ethereum price didn’t enjoy the same relief as other large-cap assets, beginning the month of April almost as it ended the first quarter of 2025.
The second-largest cryptocurrency is on the verge of losing the $1,800 level, having declined in value by almost 5% in the past week. However, the latest on-chain data suggests that the Ethereum price might be close to a bottom and might be readying for a rebound in the coming weeks.
Rising Metric Says Ethereum Price Might Be Ready For A Comeback
In a recent post on the X platform, on-chain analyst Maartunn shared a fresh insight into the activity of Ethereum investors on centralized exchanges. According to the crypto pundit, this latest on-chain shift suggests that a new bottom could be brewing for the Ethereum price.
The relevant indicator here is the Net Taker Volume metric, which tracks the difference between taker buy volume and taker sell volume in a particular asset market (Ethereum, in this case). This on-chain indicator can be used to gauge the strength of the selling or buying pressure in the market.
When the Net Taker Volume is positive, it indicates that aggressive buying activity (taker buys) is overwhelming selling activity (taker sells), suggesting a growing bullish sentiment. A negative metric implies that the taker sell volume is higher than the taker buy volume, which is typically a bearish signal.
Maartunn noted in his post that aggressive selling activity has been outweighing the buying activity in the Ethereum market for over a year. However, the on-chain analyst highlighted that the taker sell volume appears to be waning and losing some steam in the past few weeks.
Source: @JA_Maartun on X
As shown in the chart above, the Net Taker Volume is forming higher lows, even as the Ethereum price is making new lower lows. This classic bullish divergence suggests that the altcoin could be preparing to bottom out and experience a bullish reversal.
As of this writing, the ETH token is valued at around $1,806, reflecting a roughly 1% price jump in the past 24 hours.
ETH Whales Trimming Their Holdings
Interestingly, a conflicting piece of on-chain data has also emerged, showing that an important class of investors known as whales has been offloading their assets. This investor cohort is influential on the market dynamics due to their significant holdings and, as such, is typically monitored by other investors.
Source: @ali_charts on X
In a April 4 post on X, crypto analyst Ali Martinez revealed that whales (holding between 10,000 and 100,000 coins) have sold over 500,000 ETH tokens in the past 48 hours. Considering the size of this sell-off and the influence of the investors, this activity could be a bearish roadblock for a possible Ethereum price recovery.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Featured image from iStock, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Ethereum
Ethereum Whales Dump 500,000 ETH In 48 Hours: On-Chain Data


Ethereum is trading below the $1,900 level as selling pressure continues to mount, raising concerns that the recent downtrend could extend further. After losing the critical $2,500 support in late February, bulls have struggled to regain control. What began as a minor pullback has turned into a broader correction, disappointing investors who had anticipated a bullish 2025 for ETH.
The failure to reclaim key levels has eroded market confidence, and price action remains weak across both short and mid-term timeframes. Ethereum’s inability to sustain even brief recoveries has only reinforced the bearish sentiment that has gripped the crypto space in recent weeks.
Adding to the negative outlook, new data from Santiment reveals that whales have sold approximately 500,000 ETH over the past 48 hours. This massive distribution by large holders highlights a clear lack of confidence among some of the most influential players in the market — a trend that could weigh heavily on Ethereum’s near-term performance.
As ETH hovers below $1,900, all eyes are on whether bulls can defend remaining support levels, or if continued selling from whales and broader market uncertainty will drive the price further down in the days ahead.
Ethereum Whale Selling Fuels Bearish Outlook
Ethereum is down 55% from its December high, with price action continuing to reflect the broader market’s weakness. The selloff has been sharp and consistent, fueled by growing macroeconomic uncertainty and global instability. The latest wave of volatility was triggered by US President Donald Trump’s renewed tariff threats and unpredictable policy direction, which have spooked financial markets and driven capital away from high-risk assets.
As a result, Ethereum — a key altcoin with deep ties to speculative sentiment — has become one of the hardest-hit major cryptocurrencies. Bulls are struggling to hold support near the $1,800 level, and every attempt to rally has been met with renewed selling pressure. Without a clear shift in trend, ETH remains vulnerable to further downside in the near term.
Adding to the bearish sentiment, top analyst Ali Martinez shared data showing that whales sold 500,000 ETH over the last 48 hours. This massive distribution from large wallets suggests that even experienced market participants are growing increasingly cautious. Such activity tends to precede deeper corrections, particularly when accompanied by weak technicals and broader risk-off sentiment.

Unless Ethereum can reclaim key resistance levels and show signs of accumulation, the current trend may continue to favor sellers. As markets digest macro developments, ETH holders are watching closely for any indication that the worst is over — but for now, the pressure remains firmly to the downside.
Ethereum Trades At $1,810 As Bulls Defend Crucial Support
Ethereum is trading at $1,810 after repeated failed attempts to reclaim the $1,900 level. The price continues to face strong resistance, and bullish momentum has significantly weakened in recent weeks. Bulls are now in a critical position, with $1,800 emerging as the most important support level in the current cycle. A decisive breakdown below this mark could trigger a deeper correction, potentially sending ETH as low as $1,550 — a zone not seen since mid-2023.

The broader crypto market remains under pressure, and Ethereum’s price action reflects that. Sentiment has been weighed down by macroeconomic headwinds and aggressive selling from whales, adding to the difficulty for bulls to regain control. Still, hope remains if ETH can stabilize and push higher in the coming sessions.
A breakout above the $2,000 level would mark a significant shift in momentum and could spark a strong recovery rally. That level remains the psychological and technical threshold for a potential trend reversal. Until then, Ethereum continues to walk a tightrope between consolidation and further downside, with bulls needing to hold $1,800 at all costs to avoid cascading losses. The next few days will be crucial in determining ETH’s short-term direction.
Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Ethereum
Ethereum Risks 15% Drop If It Doesn’t Reclaim Key Resistance

Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Ethereum (ETH) has seen a 17% drop in the last month, trading below $1,850 for the past few days. Amid its current performance, an analyst has warned investors the cryptocurrency risks dropping to 17-month lows if it fails to reclaim key resistance levels.
Related Reading
Ethereum Could See Drop To $1,550
Ethereum has been trading below a key support zone for the past two days, hovering between $1,750-$1,840 after failing to recover the $1,900 mark on Wednesday. The second-largest cryptocurrency by market capitalization lost its 15-month range in early March, dropping below $2,100 for the first time since December 2023.
Since losing this level, ETH has seen its worst performance in seven years, recording a negative monthly close for the fourth consecutive month. Analyst Rekt Capital highlighted that this performance validated Ethereum’s double top formation that developed within its $2,196-$3,904 Macro Range.
After breaking down from this range, Ethereum trades within a historical liquidity pool, between the $1,640-$1,930 range, and “effectively has positioned itself for a bearish retest” of the range’s top with its monthly close within this area, which could turn this level into a new resistance.

As the analyst explains, turning this level into resistance has historically seen ETH’s price drop to the current range’s lower zone. “In other words, turning the red level into resistance (red circle) has historically preceded a drop into the support at the bottom of the light blue historical demand area (orange circle),” he detailed.
As such, Ethereum must reclaim the top of this demand area “to challenge a move to the old Macro Range Low of $2,196.” Meanwhile, a rejection from the $1,930 mark, which it has been unable to reclaim over the past week, would see ETH risk a 15% drop to the $1,550 area.
Is A 20% Rally Coming?
Rekt Capital also pointed out that since June 2023, ETH’s Dominance has dropped from 20% to 8%, historically a reverse area for the cryptocurrency. When Ethereum’s Dominance touched the $7.5%-8.25% range, it reversed “to become more market-dominant,” which could signal a reversal for the King of Altcoins.
Several analysts consider that the key levels to watch are the $1,750 support and the $2,100 resistance, as a break above or below these levels will determine ETH’s next significant move.
Related Reading
Analyst Sjuul from AltCryptoGems suggested that Ethereum could eye a 20% rally based on a Power of 3 setup in ETH’s lower timeframe chart. The analyst highlighted that the cryptocurrency had an accumulation phase after dropping below the $2,150 support, hovering within the $1,840 and $2,100 levels since March 10.
After dipping below the $1,840 mark, the cryptocurrency has been in the manipulation phase, the chart shows, which could trigger a push to the $2,150 resistance if ETH breaks out and starts the distribution phase.
As of this writing, Ethereum trades at $1,808, a 2.2% surge in the daily timeframe.

Featured Image from Unsplash.com, Chart from TradingView.com
-
Market20 hours ago
Ethereum Transaction Fees Hit Lowest Level Since 2020
-
Market16 hours ago
Dogecoin Faces $200 Million Liquidation If It Slips To This Price
-
Market23 hours ago
Bitcoin Hovers Over $80,000 as Whale Activity Drops
-
Ethereum22 hours ago
Ethereum Risks 15% Drop If It Doesn’t Reclaim Key Resistance
-
Market21 hours ago
Pi Network Hits New Low, Then Rallies 36%—What’s Next?
-
Market17 hours ago
SEC’s Crypto War Fades as Ripple, Coinbase Lawsuits Drop
-
Bitcoin17 hours ago
Arthur Hayes Sees Tariff War Pushing Bitcoin Toward $1 Million
-
Altcoin16 hours ago
Expert Calls On Pi Network To Burn Tokens To Revive Pi Coin Price