The Ethereum (ETH) market has been witnessing major roadblocks in terms of price. The asset has been lagging behind for a lot of reasons. The ETH market has been trying to pick up pace despite a 21% drop over the past month in March. While the community is hoping to see an uptick during this month, several indicators suggest otherwise. Will Ethereum holders continue drowning in losses in April or is there hope for the asset?
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Can Ethereum Move Towards $2,000?
Earlier this year, the asset surged all the way to a high of $4,106.96. But it came crashing down to a low of $1,760.94 in no time. At the time of writing, Ethereum was trading at $1,870.80. This comes after a 0.45% drop over the past 24 hours.
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According to analyst Ali Martinez, large investors in the Ethereum market were seen offloading their holdings. A total of 760,000 ETH were sold by whales throughout the past two weeks.
This drop comes as a major shock to the market as Ethereum managed to garner several backers. The son of US President Donald Trump, Eric Trump urged the community to purchase ETH about two months ago. He tweeted, “In my opinion, it’s a great time to add $ETH.” It should be noted that ETH has plummeted by nearly 35% since this tweet.
April 2025 Price Prediction
It looks like Ethereum could be turning over a new page in the month of April. The first month of the second quarter is expected to be bullish for the entire cryptocurrency market. ETH, in particular, will witness a 133% from its current price. According to data from CoinCodex, the world’s largest altcoin might trade at a maximum price of $4,377.96 during this month.
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