Key Notes
- Ethereum’s ETH/BTC ratio has dropped 77% since December 2021.
- Santiment notes that excessive bearish sentiment could set off a contrarian bullish transfer.
- ETH is buying and selling at round $1,549, down 4% over the previous day.
Ethereum
ETH
$1 550
24h volatility:
2.7%
Market cap:
$187.04 B
Vol. 24h:
$20.47 B
has lately been going through a difficult time, shedding $62 billion in market cap over simply 15 days. The ETH/BTC ratio has dropped 77% since December 2021, signaling a severely poor efficiency towards Bitcoin
BTC
$81 599
24h volatility:
0.1%
Market cap:
$1.62 T
Vol. 24h:
$43.81 B
.
Regardless of this, many analysts argue that this very pessimism is likely to be the beginning of a serious reversal.
In line with market intelligence platform Santiment, Ethereum’s rising bearishness amongst buyers may lead to a bullish outlook for the cryptocurrency. It defined that markets have a tendency to maneuver in the wrong way of public sentiment.
📊 Ethereum has been the supply of humor for a lot of prime cap crypto merchants, with the $ETH / $BTC ratio now down an enormous -77% since December, 2021. However ought to its long-term hunch make it an computerized write-off by now? Completely not. Learn our deep dive. 👇https://t.co/JoK5GnI7Dm
— Santiment (@santimentfeed) April 11, 2025
Santiment additionally laid out the multi-pronged causes behind Ethereum’s sluggish run: competitors from fast-rising Layer-2 options, developer delays, excessive transaction prices, inconsistent narratives round its use case, and intense regulatory scrutiny.
Notably, Standard Chartered recently suggested that XRP
XRP
$2.01
24h volatility:
0.1%
Market cap:
$116.77 B
Vol. 24h:
$3.51 B
may surpass Ethereum in market cap by the top of the 12 months — a declare that will have appeared unthinkable only a 12 months in the past.
On prime of that, large-scale token sell-offs by long-time holders have added fixed strain to ETH’s value. As per the info by LookOnChain, an “Ethereum OG” lately bought practically 8,000 ETH (price $11.8 million) after being inactive for 3 years.
One other #Ethereum OG begins dumping $ETH after 3 years of dormancy!
He has bought 7,974 $ETH($11.8M) at $1,479 over the previous 2 hours and nonetheless holds 30,606 $ETH ($45.7M).https://t.co/Le4ViWn6OW pic.twitter.com/WtRwPHQfqu
— Lookonchain (@lookonchain) April 10, 2025
Ethereum (ETH) Value Outlook
On the time of writing, Ether is buying and selling round $1,549, down roughly 4% previously 24 hours. Simply days in the past, it touched a two-year low of $1,385.
On the day by day ETH price chart, the RSI sits close to 36, indicating oversold situations. This means that merchants may see a doable bounce within the near-term.
Ethereum value RSI, Bollinger Bands indicators | Supply: Buying and selling View
Bollinger Bands present value sitting close to the decrease band, suggesting a chance for imply reversion. If the worth manages to surge and break above the center band (20-day SMA) round $1,800, ETH may verify a possible pattern reversal.
Nonetheless, the MACD stays in bearish territory, with the sign line above the MACD line and purple bars extending on the histogram. Patrons have stepped in close to $14,50 in April, making it a key short-term help stage.
Ethereum value MACD indicator | Supply: Buying and selling View
Crypto analyst Ali Martinez additionally identified that ETH is approaching a historic help zone that has beforehand marked cycle bottoms.
#Ethereum $ETH is nearing a vital zone that has traditionally marked market bottoms and provided sturdy shopping for alternatives. pic.twitter.com/gZ4Tjrtqp0
— Ali (@ali_charts) April 10, 2025
In line with Martinez, this could possibly be a serious shopping for alternative for buyers. If Ethereum holds its present ranges, a reduction rally may emerge.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm data by yourself and seek the advice of with knowledgeable earlier than making any choices based mostly on this content material.
A crypto journalist with over 5 years of expertise within the trade, Parth has labored with main media shops within the crypto and finance world, gathering expertise and experience within the house after surviving bear and bull markets over time. Parth can also be an creator of 4 self-published books.
