Ethereum Price Forecast: Can ETH Rebound Above $2,000?
Ethereum dead? Analyst warns of bleak future!
Ethereum (ETH) rebounded from the $1,800 support level on Monday after facing strong selling pressure from short-term holders (STHs). The move came amid broader market concerns, including geopolitical tensions and President Donald Trump’s new reciprocal tariffs set to take effect on April 2.
Key Resistance and Support Levels
Currently, ETH is struggling to break past the $1,850 resistance level, with immediate upside barriers at $1,880 and $1,900. A strong breakout above these levels could push ETH toward the $2,000 mark. However, failure to hold above $1,800 could see ETH decline further, testing key support levels at $1,780 and $1,656. A drop below these could confirm a bearish continuation, possibly leading to $1,500.
Technical indicators remain mixed—while the hourly RSI sits above 50, suggesting a potential shift in momentum, the MACD is still in negative territory. ETH recently broke out of a daily descending wedge but faced rejection at the critical $2,070 resistance level last week. A decisive move above $2,070 would signal a bullish trend reversal.
Read Ethereum Price Prediction for more insights
Ethereum vs. Gold: A Tough Battle
Gold has surged 26% in 2024, outpacing both crypto and traditional equities. With global uncertainty and rising inflation fears, investors are favoring gold over volatile assets like ETH. The gold-to-copper ratio, a key economic indicator, is nearing crisis levels seen in 2009 and 2016, signaling potential economic trouble ahead.
Also Read: BitTorrent Price Prediction 2025, 2026 – 2030
Will Staking-Enabled ETFs Save ETH?
Despite $4 billion in ETH ETF inflows and the upcoming Pectra upgrade, analysts remain divided. Quinn Thompson from Lekker Capital sees ETH as a “dead investment” due to declining network usage. However, BlackRock remains optimistic, suggesting that staking-enabled ETH ETFs could be a major catalyst for long-term growth.