Ethereum, the second largest cryptocurrency, experienced a poor quarterly performance in Q1 2025, with continuous bear dominance leading to a significant price drop. However, there are signs of a possible rally as the ETH price chart shows a bullish signal. A recent downturn in the price of Ethereum against Bitcoin, coupled with a buy signal on the ETH price chart, indicates a potential trend reversal.
With a 3% recovery over the week, Ethereum is currently trading at $1,639.91, with a market capitalization of $197.88B. The token is moving in a symmetrical triangle formation, offering the potential for an uptrend or downtrend. If the ETH price continues to rise, it could rally to $1,900, but a downside move could result in a crash to $1,380. Despite uncertainties surrounding macroeconomic events like Trump’s tariff trade war, the long-term bullish Ethereum price prediction remains intact.
The Ethereum price chart reveals a growing interest from investors to buy and a decline in selling sentiments. In addition, a crypto whale recently opened a $12.6M ETH long position with 5x leverage, increasing confidence in the altcoin. These factors, along with the formation of a symmetrical triangle, are contributing to a positive outlook for Ethereum’s price in the near future.
Overall, despite the challenges faced by Ethereum in Q1 2025, there are indications of a potential rally in the near future. The buy signal on the ETH price chart, along with a symmetrical triangle formation and increased buying interest from investors, point towards a possible trend reversal and price increase for Ethereum. With ongoing macroeconomic uncertainties, it remains important for investors to conduct thorough research before making any investment decisions in the cryptocurrency market.
