Ethereum: Potential Turnaround Signaled by Bullish Divergence
Amidst the volatile cryptocurrency market, investors are always on the lookout for signs of a turnaround. A recent analysis of Ethereum’s price movements and market indicators has revealed some promising signals, hinting at a potential reversal in the cryptocurrency’s fortunes. Here’s a closer look at what’s been happening with Ethereum and what the future might hold.
Has Ethereum hit bottom? What THIS metric says about ETH’s future.
Ethereum dropped over 55% in 14 months amid sustained sell-side pressure. The $1,800 support level holds despite bearish sentiment and price volatility. Ethereum’s descent from a $4,000 peak in February 2024 to just under $1,800 in April 2025 suggests a potential turning point. Recent CryptoQuant analysis highlights a significant bullish divergence, with sellers losing momentum, as indicated by Ethereum’s Net Taker Volume (NTV) metric.
Ethereum Whales Dump 500,000 ETH In 48 Hours
Ethereum is trading below the $1,900 level as selling pressure continues to mount. After losing the critical $2,500 support in late February, bulls have struggled to regain control. What began as a minor pullback has turned into a broader correction, disappointing investors. The failure to reclaim key levels has eroded market confidence. New data from Santiment reveals that whales have sold approximately 500,000 ETH over the past 48 hours, reinforcing the bearish sentiment in the crypto space.
200k Ethereum Addresses Now Hold Stablecoins
Ethereum has surpassed 200,000 unique addresses using stablecoins, marking a significant shift towards sustained utility within the Ethereum ecosystem. Stablecoins are driving liquidity and shaping future cross-border finance, with daily active addresses interacting with stablecoins climbing steadily since mid-2023.
Ethereum Slips Below Triangle—Potential $1,600 Crash Ahead?
Ethereum’s price may decline to $1,600 soon, according to recent market predictions. The cryptocurrency has been struggling below the $2,000 mark for weeks. Technical patterns and on-chain data suggest further declines are possible. Bit Bull, a cryptocurrency expert, noted that Ethereum has broken down from a symmetrical triangle after retreating below $1,820, which usually translates into a bearish sentiment in the markets.
