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Ethereum Technical Analysis Report – 15th April 2025
Ethereum (ETH) has consistently underperformed Bitcoin since December 2021, with the ETH/BTC ratio plummeting by a staggering 77%. While its dollar value hasn’t declined as drastically as many altcoins, the long-term trend paints a concerning picture for Ethereum holders. One of the paradoxes fueling this decline is the success of Ethereum’s own ecosystem. Layer 2 solutions like Arbitrum, Optimism, and zkSync – designed to scale the network – are diverting user activity and capital away from the mainnet. While beneficial for scalability, this has fragmented the ecosystem and diluted ETH’s value capturing ability.
Furthermore, Ethereum’s ambitious and often complex roadmap has added to investor unease. As a result, Ethereum’s broader narrative seems harder to grasp, limiting confidence and enthusiasm in the asset’s long-term trajectory.
At the time of writing, ETH is trading at $1,635. The cryptocurrency has been trading within a downtrend over the past four months, with prices plummeting nearly 65% from the high of $4,107, reaching a low of $1,411. A strong support can be seen at $1,350. On a daily time frame basis, it is clear that volumes have surged to the $1,400 level.
ETH has bounced almost 20% from the recent low, reaching up to $1,691. However, the primary hurdle for the bulls will be the key resistance levels at $1,750 and $2,150.
We cannot help but notice a peculiar phenomenon in Ethereum’s chart – the asset has been trending downwards since December 2021, yet its dollar value hasn’t dropped as drastically as many other altcoins.
Source: https://zebpay.com/blog/ethereum-technical-analysis-report-15th-april-2025
