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Ethereum Slips Below ‘Mayer Multiple’ Level That Preceded Last Rally To $4,000

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The Ethereum token has been under significant bearish pressure over the past few months, losing almost half of its value in the first quarter of 2025. Along with the rest of the altcoin market, ETH bled severely following the announcement of new trade tariffs by United States President Donald Trump.

Interestingly, the suspension of these trade tariffs didn’t have as much of a bullish effect on the “king of the altcoins,” which failed to hold above the $1,600 level in the past day. This inability of the Ethereum price to mount a convincing recovery emphasizes the token’s struggles in recent months.

Is The Price Bottom In For ETH? 

Crypto analyst with the pseudonym Cryptollica shared fresh on-chain insight in a post on the X platform, suggesting that the price of Ethereum could be at a pivotal point of bullish reversal. This projection is based on the Mayer Multiple indicator, which measures the ratio between an asset price and its 200-day moving average (MA).

The 200-day MA represents the long-term average price of an asset; and the Mayer Multiple estimates the distance of the asset’s actual price from this average value to determine overbought and oversold conditions. The metric indicates an overheating market condition and a potential price top when its value is above the 2.4 mark.

On the flip side, a Mayer Multiple value below 0.8 signals an oversold condition and that the asset’s price might have hit a bottom. Ultimately, the metric is used to determine macro bull or bear his when analyzing cyclical price changes.

Ethereum

Source: @cryptollica on X

According to the Glassnode chart shared by Cryptollica, the Ethereum Mayer Multiple recently slipped beneath the 0.8 mark. This suggests that the price of ETH might be bottoming out, with a potential bullish reversal on the horizon.

Moreover, the last time the Mayer Multiple indicator fell to this low in 2022, the price of Ethereum rebounded to above the $4,000 mark — the price high in the current cycle. If history repeats itself, the second-largest cryptocurrency could embark on another journey to $4,000 — an over 150% rally from the current price point — over the coming months.

Ethereum Price At A Glance

As of this writing, the price of ETH stands at around $1,550, reflecting a mere 1% jump in the past 24 hours. Despite the slightly improving market sentiment, the altcoin’s performance on the weekly timeframe has remained almost the same. According to CoinGecko data, the Ethereum price is down by nearly 15% in the past seven days.

Ethereum

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.



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Ethereum Reclaims Key Support At $1,574, Here’s The Next Price Target

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.



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Ethereum

Ethereum Stays Below Realized Price: Once-In-A-Cycle Opportunity?

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Ethereum surprised the market with a powerful bounce on Wednesday, surging more than 21% from its recent low of $1,380. The move came shortly after US President Donald Trump announced a 90-day pause on reciprocal tariffs for all countries except China, which now faces a 145% tariff. This development injected optimism into global markets, triggering a broad recovery across risk assets — with ETH among the top beneficiaries.

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Despite the relief rally, Ethereum still trades below critical technical levels, and the broader price structure suggests ongoing consolidation rather than a confirmed reversal. Analysts remain cautious, as the asset’s inability to reclaim the $1,800–$2,000 range keeps the long-term trend in question.

However, on-chain data from CryptoQuant adds an intriguing layer to the current outlook. Ethereum’s price is still trading below its realized price — the average price at which all ETH in circulation last moved. Historically, this scenario has represented a high-probability accumulation zone, often appearing once per cycle.

According to some analysts, this could present a rare buying opportunity for contrarian investors willing to look beyond short-term volatility and macro uncertainty. As Ethereum continues to consolidate, all eyes are on whether bulls can build on this momentum.

Ethereum Faces Critical Test Amid Volatility And Trade Tensions

Ethereum is at a pivotal point after enduring weeks of relentless selling pressure and extreme volatility. The broader market has been shaken by macroeconomic uncertainty and escalating global trade tensions, with US tariffs under Trump’s administration continuing to rattle investor confidence. The crypto market, particularly altcoins like Ethereum, has taken the brunt of this instability. ETH has lost over 60% of its value since late December, raising fears of a prolonged bear market.

However, a shift may be unfolding. Bulls are beginning to reappear, with Ethereum bouncing and setting a strong support above $1,400. This recovery follows aggressive price swings not only in crypto but also in global equities, which have seen significant rebounds following the announcement of a 90-day pause on reciprocal tariffs for all countries except China.

Still, Ethereum remains below crucial resistance levels, especially the $2,000 mark — a level that represents more than just a psychological barrier. According to top analyst Quinten Francois, ETH is currently trading under its realized price, which averages the cost basis of all coins in circulation.

Ethereum Realized Price for Accumulation Addresses | Source: Quinten Francois on X
Ethereum Realized Price for Accumulation Addresses | Source: Quinten Francois on X

Historically, such conditions have presented rare buying opportunities. Francois suggests this might be a once-in-a-cycle — or even once-in-a-lifetime — chance for long-term investors to accumulate ETH at undervalued levels. The coming days will determine whether bulls can reclaim key resistance and shift sentiment toward a sustained recovery.

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Price Action Details: Key Levels To Reclaim

Ethereum is currently trading at $1,650 after failing to break above the $1,700 level, a psychological and technical barrier that continues to cap bullish momentum. Despite a sharp rebound earlier in the week, ETH remains stuck in a consolidation range and is struggling to find direction amid broader market uncertainty.

ETH testing short-term supply | Source: ETHUSDT chart on TradingView
ETH testing short-term supply | Source: ETHUSDT chart on TradingView

For bulls to regain control and initiate a stronger recovery, Ethereum must push above the $1,850 mark — a level aligned with the 4-hour 200-day moving average (MA) and exponential moving average (EMA). These indicators have acted as short-term resistance since ETH fell below the $2,000 mark in February and reclaiming them is critical for confirming a shift in trend.

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However, if Ethereum fails to break above $1,750 in the coming days, downside risk increases significantly. A rejection at current levels could trigger another wave of selling, potentially sending the price below the $1,500 support zone. This would put further pressure on bulls and undermine recent gains.

With market sentiment still fragile and macroeconomic uncertainty weighing on investor confidence, Ethereum remains at a crucial juncture where a decisive move above resistance is needed to shift the outlook from bearish to neutral.

Featured image from Dall-E, chart from TradingView 



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Ethereum Inverse Head And Shoulders – The Pattern That Could Spark A Reversal

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Beneath Ethereum’s recent price stagnation lies a potentially explosive setup taking shape. The emergence of a near-perfect inverse head and shoulders pattern suggests that ETH may be preparing to shake off its sluggishness. This stealthy accumulation pattern, now approaching its make-or-break moment, has historically preceded some of Ethereum’s most dramatic rallies.

Ethereum’s current chart structure reflects this classic pattern, where the price has formed a “left shoulder,” followed by a deeper “head” and a “right shoulder,” with the neckline acting as a critical resistance level.

Understanding Ethereum’s Inverse H&S Formation

A surge for Ethereum is becoming increasingly compelling, driven by the formation of an inverse head and shoulders (H&S) pattern. This reversal pattern suggests that Ethereum could be on the verge of a significant upward move after a period of consolidation. If the pattern completes successfully, the inverse H&S formation typically indicates an imminent bullish trend.

One key factor to watch is the neckline of the inverse H&S, which serves as a critical resistance level represented by a yellow line on the chart. For Ethereum to confirm this bullish reversal, it needs to break above the neckline. A successful breakout above this level would signal growing buying pressure, potentially triggering a surge toward higher price levels.

Ethereum
Head and Shoulders pattern reflecting growing momentum | Source: ETHUSDT on Tradingview.com

Moreover, supporting indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) show improving momentum, further strengthening the case for a rally. The RSI, in particular, remains in a neutral zone, giving room for more upward movement without hitting overbought territory. 

With these technical signals in place, ETH might be preparing for a major surge, especially if it can hold above critical support levels and push through the neckline of the inverse head and shoulders pattern.

Ether’s Bullish Reversal: Key Levels To Watch

Beyond the neckline, Ethereum faces additional resistance at several strategic levels. The first notable level is around $2,160. A break above this zone may push Ethereum to challenge the next resistance at $2,858, where selling pressure has historically been more intense. 

If the price can push through these levels, ETH would be primed for a potential run toward $3,360, a critical area marked by previous price highs. Each of these resistance levels represents psychological barriers for traders. 

As ETH approaches these zones, it will be essential to observe the volume and momentum accompanying the price action. A breakout above these resistance points, confirmed by increasing volume and positive technical indicators, hints at a prolonged rally, pushing Ethereum to even higher price targets.

Ethereum
ETH trading at $1,595 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Pexels, chart from Tradingview.com

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.



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