Ethereum May Sink as It Falls Below the $1,700 Barrier

Ethereum (ETH) Current Statistics – the $1,700 Barrier

The current price: $1,613.97
Market Capitalization: $194,780,743,969.53
Trading Volume: $33,491,022,208.82
Major supply zones: $3,500, $4,000, $4,500
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis April 10, 2025

Ethereum (ETH) plummets considerably as it falls below the $1,700 barrier. The altcoin corrected higher to a high of $1,688 but then stopped. The largest altcoin failed to cross the 21-day SMA threshold. On the upside, if buyers lift the price above the 21-day SMA, the bullish momentum will continue to the 50-day SMA or $2,100 high. If

Ether breaks down from the 21-day moving average line, the bears will try to push it below the current support level of $1,368. Ether will fall further, reaching a low of $1,150. In the meantime, Ether is trading above the $1,400 support and below the moving average lines. The altcoin is now valued at $1,607.33.

ETH Technical Indicators Reading

The price bars that have sharply fallen to the bottom of the chart are below the 21-day and 50-day SMAs. The upward trend of the cryptocurrency is resisted by the 21-day SMA barrier. The cryptocurrency will start to soar when the price bars surpass the moving average lines.

Conclusion 

Ethereum’s price has halted as it falls below the $1,700 barrier. For the past 48 hours, the altcoin has been trading above the $1,400 support and below the moving average lines. Ether will trend if these current levels are broken. In the meantime, the crypto signal remains range-bound as Ether gets closer to the oversold region.

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