Ethereum Drifts Sideways Due to Traders’ Indecision

Ethereum (ETH) Current Statistics

The current price: $1,620.58
Market Capitalization: $195,477,668,759.08
Trading Volume: $12,447,337,913.53
Major supply zones: $3,500, $4,000, $4,500
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis April 21, 2025

The price of Ethereum (ETH) has been drifting sideways, above the $1,400 support and below the 21-day SMA barrier due to traders’ indecision. Today, crypto price is attempting to overcome the 21-day SMA barrier. The biggest altcoin will rise again when buyers push the price above the resistance level at $1,750 or the moving average lines. The upward trend will persist until it hits the peak of $2,100. 

However, the bullish momentum is being impeded by the 21-day SMA. Ether will further decline if rejected from the 21-day SMA barrier. On the downside, if the bears breach the $1,400 support, the altcoin will decline to $1,368 and later to $1,150. The current value of Ether is $1,628.90.

ETH Technical Indicators Reading

The crypto price is currently being rejected at the 21-day SMA barrier. Since March 19, the higher advances have been hampered by the 21-day SMA. Ether will return to its bullish trend once buyers keep the price above the 21-day SMA and the 50-day SMA barriers. The 4-hour chart’s price bars are still below $1,700 even if they are above the moving average lines.

Conclusion

Ethereum’s price has been in a sideways trend due to traders’ indecision. The biggest altcoin has been range-bound because of the indecision between buyers and sellers. On the 4-hour chart, Ether is retracing after hitting the high of $1,650 high. The altcoin will continue its range-bound move if it retraces and holds above the moving average lines.

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