Ethereum (ETH) is trading at $1,839.32, up by 0.06% as of writing. Even with the marginal appreciation, its trading volume in the last 24 hours has decreased by more than 45% to $7.4 billion, showing that the market is in consolidation mode. Over the last week, the price of ETH has appreciated by a meager 0.85%, trading in the range of $1,838.91. Market experts are waiting with bated breath, with the emergence of a bullish pennant suggesting that there is strength in the breakout.
The trend is indicative of upward momentum as Ethereum consolidates between tightening trendlines. According to crypto analyst Cryptosatred, Ethereum is in that crucial stage where breaking above the upper trendline may trigger a new rally. Resistance is between $1,860 and $1,880 and support is between $1,810 and $1,800. Provided that the price remains above support, ETH may see one more leg up, with the potential to break above recent highs.
Ethereum price stays above $1,800 despite market drop
Ethereum’s trading volume has taken a major decline, falling by 45.33 in the past 24 hours. Although Ethereum’s value is still above the $1,800 threshold, the decline in trading volume is indicative of market uncertainty. Even with the current stabilizing, ETH is ranked as one of the market capitalization-leading cryptocurrencies, second only to Bitcoin.
The wider crypto market recovery has also affected Ethereum’s performance. April saw the CME Group record a staggering 129% rise in its trading in cryptocurrency derivatives against the same month in 2024. Ethereum futures spearheaded the rise, with average daily trading increasing by 239%, indicating increasing institutional participation in the asset. This is indicative of the changing crypto landscape as ETH remains resilient in spite of short-term instability.
ETH price trends in 2025
Ethereum has navigated its way through 2025 with fluctuations, hitting its high in January of $3,715.17 and falling below $3,000. Most analysts are hopeful that ETH will cross the $4,000 threshold by the end of the year. Ethereum’s price will even challenge it’s all-time high of $4,891.70 if market conditions allow.
Among the most promising drivers of Ethereum’s potential expansion is the coming upgrade, known as the Pectra upgrade, taking place on May 7. This upgrade has the potential to dramatically enhance Ethereum’s capacity to handle transactions, possibly increasing it to as many as 2,000 TPS. ETH is capable of handling only around 20 TPS during busy transaction periods. Were the upgrade to materialize, Ethereum might increase its scalability, making it ripe to grow further in an increasingly competitive market.
