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Ethereum price falls to 2-year low, but pro traders still have hope

Summary by Cointelegraph
Ether (ETH) price dropped to $1,410 on April 7, marking its lowest level since March 2023. This sharp decline triggered liquidations of leveraged ETH futures worth over $370 million in 2 days, according to CoinGlass data. However, the altcoin managed to recover above the $1,500 mark as the S&P 500 index reclaimed its psychological 5,000 support level.Ether/USD (blue) vs. total crypto market capitalization (magenta). Source: TradingView / Cointel…
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In spite of momentum indicators close to historically low levels, all signals converge towards the possibility of a return to the lowest of the bear market from 2022 unless a rapid boost of strength allows the asset to regain the threshold of 1,800 dollars. The article Ethereum en route for the low points of the bear market ? Technical analysis of the Ether on 8 April 2025 appeared first on Cryptoast.

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InvestingCube broke the news in on Monday, April 7, 2025.
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