Ethereum Demonstrates Resilience; Future Price Target in Focus

In the volatile world of cryptocurrencies, Ethereum (ETH) has emerged as a standout performer amidst broader market turmoil. Here’s a closer look at its recent resilience and what the future might hold.

Ethereum Price Forecast: ETH Shows Resilience Amid Stock Market Turmoil

Ethereum showed strength in the recent financial market decline, trading above $1,800 despite Fed Chair Jerome Powell’s hawkish statements. ETH could see a turnaround if cryptocurrencies hold steady amid global trade war tension. ETH bulls are attempting to hold the $1,800 key level after a brief decline to $1,760. Ethereum (ETH) showed resilience heading into the weekend, trading above $1,800 on Saturday despite the impact of Trump’s tariff announcements sparking heavy losses across the stock market and in precious metals. While ETH — like most top cryptos — held steady heading to the weekend, the S&P 500 fell nearly 6%, stretching its market capitalization decline to $5.06 trillion in the past two days.

Ethereum Fees Hit 4-Year Low as Activity Shifts to L2 Networks

Ethereum’s total transaction fees dropped by nearly 60% in Q1 2025, falling to roughly $208 million as of April 4. This decline was primarily driven by the adoption of Layer-2 networks, especially Coinbase’s Base, and Ethereum’s Dencun upgrade which made transactions on these scaling layers more efficient. The network is facing challenges including falling market performance and weakening fundamentals.

Ethereum (ETH) Faces Four Straight Months of Losses

The predominant belief is that the cryptocurrency market is in a bull market state. However, Ethereum (ETH) has posted four consecutive months of losses. Analysts attribute this to a substantial revenue decline in fees, a delay in implementing the Pectra update, and slumping network activity, which has increased ETH production and inflation rates. These factors contrast with the expectations set by The Merge.

Crypto Analyst Doctor Profit Says ETH Is Undervalued, Time to Buy?

Crypto analyst Doctor Profit, who predicted the Ethereum price dump, now believes ETH is undervalued and a great time to buy. He noted that the leading altcoin has reached a historical support at $1,800, the same level he had predicted. With the massive correction and market fear driving Ethereum to this support, Doctor Profit claims it is undervalued.