Ether’s Critical Support Zone: Analyzing the $1.45K-$1.6M Range Amid Market Uncertainty

As of April 2025, Ethereum faces a pivotal moment with over 1.9 million ETH positions concentrated between $1,457 and $1,598. This substantial liquidity pool represents a crucial battleground where bullish traders must defend support levels to prevent further downward pressure. Market analysts are closely monitoring order book depth and derivatives data to assess whether accumulation at these levels can counterbalance selling pressure. The $1.5K psychological threshold remains particularly significant, with options markets showing increased put activity below this level. Technical indicators suggest this range could either form a strong base for recovery or, if broken, trigger accelerated liquidations across leveraged positions.

Ethereum Key Cost Basis Levels Could Define Price Action

Ethereum has lost over 50% of its value since early February, setting the stage for a challenging but potentially pivotal recovery phase. After months of heavy selling pressure, ETH is now trading just above the $1,500 mark, a zone that could serve as a springboard if bullish momentum builds. While the broader market has shown signs of recovery, Ethereum’s underwhelming price action continues to test investor patience. Still, analysts believe a recovery rally is possible, especially if macroeconomic sentiment improves.

Persistent global trade tensions, ongoing tariff battles, and US foreign policy shifts continue to inject volatility into financial markets. These factors have suppressed demand for risk assets like Ethereum, but some believe that the worst may be behind.

Glassnode’s on-chain data offers a more detailed look at Ethereum’s short-term outlook. According to their Cost Basis Distribution analysis, three price clusters are likely to shape ETH’s near-term price action. Around $1,457, roughly 408,000 ETH were previously accumulated. At $1,546, over 822,000 ETH sit, making it one of the most critical levels. Finally, approximately 725,000 ETH were acquired around $1,598.

These clusters reflect areas of high on-chain activity and are expected to act as support or resistance zones during the current phase of price consolidation. A breakout above the $1,600 level could trigger a more significant move toward $1,800 and beyond. For now, Ethereum’s price remains range-bound, but market participants are watching these levels closely for signs of a decisive shift.

ETH Faces Crucial Resistance As Bulls Fight to Regain Momentum

Ethereum is currently trading at $1,580 after failing to break above the $1,700 resistance level, signaling that bullish momentum remains weak. Despite a brief recovery from recent lows, ETH has struggled to reclaim higher ground, and key resistance levels continue to weigh on price action.

For bulls to confirm the start of a true recovery phase, Ethereum must push above the 4-hour 200 MA and EMA, both hovering around $1,820. A decisive move above these indicators would indicate renewed market confidence and open the door for a push toward critical demand levels around $2,000.

However, the risk of further downside remains. If Ethereum loses the $1,500 support level, selling pressure could accelerate, potentially driving the price below the $1,400 mark. This zone served as a key level in early 2023 and could be retested if bearish momentum builds.

With macroeconomic uncertainty and trade tensions still dominating the narrative, investors remain cautious. The next few trading sessions will be critical for ETH, as it hovers between potential recovery and the threat of renewed decline. Traders should watch for volume spikes and reaction around the $1,700 and $1,500 zones to assess the next move.

Featured image from Dall-E, chart from TradingView