Ethereum’s price action has turned cautious after facing rejection at the daily resistance level of $1,861 last Friday. Over the weekend, ETH declined by 1.87%, slipping to around $1,795 as of Monday. This pullback has raised concerns that ETH might retest its psychological support at $1,700, sparking renewed interest in Ethereum price prediction among traders and analysts.
If Ethereum closes below $1,700, bearish pressure could increase, dragging the price toward the next key support at $1,449. The daily Relative Strength Index (RSI) currently sits at 52—just above the neutral 50 level—suggesting indecision among traders. A dip below 50 could confirm a bearish trend continuation.
On the flip side, a daily close above $1,861 could reignite bullish momentum, potentially driving ETH to the next psychological milestone at $2,000.
Despite recent volatility, Ethereum’s long-term outlook remains positive. Vitalik Buterin has positioned Ethereum as a key player in decentralizing AI, addressing concerns around centralized data and opaque algorithms. Former core dev Eric Connor argues Ethereum’s transparent smart contracts are crucial for AI transparency.
However, not all commentary is bullish. Investor Nic Carter criticizes L2s for extracting value without contributing back and warns that excessive token issuance could erode ETH’s long-term value.
Also Read: AMP Price Prediction 2025, 2026 – 2030
Still, real-world adoption is on the rise. Alibaba, Deutsche Bank, Visa, Coinbase’s Base, and Circle’s USDC migration all showcase Ethereum’s growing role in finance and technology. Even Trump’s WLFI fund holds 94% of its crypto reserves in ETH.
With whales accumulating and technical indicators holding key levels, analysts remain optimistic for a breakout toward $2,000 and possibly $2,250 in May. Ethereum’s presence in DeFi, NFTs, and institutional portfolios continues to solidify its dominance in the blockchain space
Comments
0 comment