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
$1 635
24h volatility:
3.5%
Market cap:
$197.32 B
Vol. 24h:
$11.76 B
has just 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
$84 757
24h volatility:
1.0%
Market cap:
$1.68 T
Vol. 24h:
$24.85 B
.
Regardless of this, many analysts argue that this very pessimism may be the beginning of a significant reversal.
In accordance with market intelligence platform Santiment, Ethereum’s rising bearishness amongst traders may end in a bullish outlook for the cryptocurrency. It defined that markets have a tendency to maneuver in the other way of public sentiment.
📊 Ethereum has been the supply of humor for a lot of high cap crypto merchants, with the $ETH / $BTC ratio now down a large -77% since December, 2021. However ought to its long-term stoop make it an automated 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
$2.12
24h volatility:
3.8%
Market cap:
$123.85 B
Vol. 24h:
$3.10 B
may surpass Ethereum in market cap by the tip of the yr — a declare that will have appeared unthinkable only a yr in the past.
On high of that, large-scale token sell-offs by long-time holders have added fixed strain to ETH’s worth. As per the information by LookOnChain, an “Ethereum OG” just 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 worth RSI, Bollinger Bands indicators | Supply: Buying and selling View
Bollinger Bands present worth sitting close to the decrease band, suggesting a chance for imply reversion. If the value manages to surge and break above the center band (20-day SMA) round $1,800, ETH may affirm a possible development reversal.
Nevertheless, the MACD stays in bearish territory, with the sign line above the MACD line and purple bars extending on the histogram. Consumers have stepped in close to $14,50 in April, making it a key short-term help degree.
Ethereum worth 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 important zone that has traditionally marked market bottoms and supplied robust shopping for alternatives. pic.twitter.com/gZ4Tjrtqp0
— Ali (@ali_charts) April 10, 2025
In accordance with Martinez, this could possibly be a significant shopping for alternative for traders. 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 info however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm info by yourself and seek the advice of with an expert 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 retailers within the crypto and finance world, gathering expertise and experience within the area after surviving bear and bull markets over time. Parth can also be an creator of 4 self-published books.
