Ethereum Price Forecast – Key Signals Point to Possible Rally to $2000

Highlights:

• Ethereum is edging higher as selling volumes start to drop
• Seller exhaustion is evident in the reversal of the ETH/BTC pair 
• Low fees could also draw more investors to Ethereum, triggering a price rally 

Ethereum has dropped slightly today, which aligns with the rest of the cryptocurrency market. At this point, Ethereum (ETH) is trading for about $1,588.73 and is 0.51% lower than 24 hours ago. Daily trading volume has also dropped by 18.08% to about $10.75 billion. Although these movements may appear modest in the short term, the underlying factors suggest that Ethereum is on a better path in the foreseeable future.

Seller Exhaustion Indicates Ethereum Trend Reversal

Recent data from Ethereum trading activity shows a significant decline in selling pressure. Further, net taker volume, which measures the balance between purchasing and selling, indicates a decrease in bearish momentum. Analysts interpret this shift as an indicator that Ethereum may be near its bottom price, creating the conditions necessary for a price reversal.

Observers agree that Ethereum tends to recover after sellers exhaust themselves and buyer action picks up. In this case, ETH hovers around strong support levels while sell-side volume dwindles. This situation is increasingly favorable, and Ethereum could be set to make a run for the $5,000 mark if it maintains this upward trajectory.

Whale Accumulation Points to Optimism in Ethereum

A rise in whale accumulation reinforces the bullish narrative. Wallets possessing over 100 ETH have recently increased their balances, implying confidence in Ethereum’s prospects. Analysts interpret these movements as signals that big players are buying in anticipation of a market turnaround. Historically, this behavior has preceded upward trends when large holders boost demand and tend to lower supply, thus increasing prices.

BREAKING:

WHALES JUST BOUGHT 77,000 $ETH WORTH $125 MILLION

SEND IT TO $10,000 ALREADY pic.twitter.com/ZZzEs9lKOl

— CryptoGoos (@crypto_goos) April 16, 2025

Bullish Technical Cross Strengthens Ethereum’s Price Momentum

From a technical perspective, Ethereum is performing exceptionally well against Bitcoin on the ETH/BTC chart. A bullish crossover has occurred on the ETH/BTC chart, indicating that a rally is coming. Past cycles have exhibited similar patterns and ended with Ethereum outperforming the broader market. 

ETH is close to breaking out of downtrend. If it manages to do so it should be broadly positive for crypto and should boost BTC higher. I am looking whether we close daily candle on BTC above 50D EMA. haven't managed to do so since months. it would be a big bullish development.

— FX enjoyer (@IreneuszIrzyk) April 18, 2025

Ethereum’s on-chain metrics add to the rising bullish sentiment. As reported by blockchain analytics firm Santiment, the average transaction fee on the Ethereum network now sits at $0.168, which is the lowest it has been since May 2020.

BULLISH FOR $ETH? @ethereum gas fees just hit $0.168 per transaction – the LOWEST level since May 2020!

This is MASSIVE for Ethereum adoption and bullish for several reasons:

1. Low fees make ETH transactions affordable for everyone, not just whales

2. DeFi applications… pic.twitter.com/zWIZPqzecQ

— CryptoBusy (@CryptoBusy) April 17, 2025

The firm further claims that the current network user activity slowdown and an Ethereum network scalability increase are likely due to the 2.0 upgrades and the recent performance of Layer 2 solutions. Lowered fees permit easier access to the network’s infrastructure, aiding developers, lifting overall network activity, and inflating demand for ETH.

Market Sentiment Reflects Broader Economic Uncertainty

Ethereum’s price still faces downward pressure due to overarching macroeconomic factors. Earlier this month, President Trump’s imposition of sweeping U.S. tariffs rattled markets across the board. Although stability is emerging in the markets, many assets, such as ETH, still hover well below their previous highs. Santiment analysts note that conversations focused on Ethereum are becoming more connected to economic policy and war, which suggests increased sensitivity for those investors.

Technical Analysis – Ethereum Price Bulls Taking Control Intra-Day

Ethereum bulls are regaining control after bears lost control at $1578.0, leading to a solid support level. If bulls sustain the ongoing momentum, the key level to watch will be the $1610.3 resistance.

A rally through this resistance could trigger a rally to $2000. Conversely, if bears regain control, the key level to watch would be the $1578.0 support. A correction through this support could see Ethereum drop to $1546 in the short term. However, with the broader market sending bullish signals, a rally to $2000 is more likely. 

Recap

Ethereum might be trading slightly in the red today, but it seems on the brink of a substantial upward move. Ethereum’s forecast remains favorable because of seller exhaustion, heightened whale accumulation, a technically bullish crossover, and record-low transaction fees. Ethereum could rebound from recent losses and exceed its previous highs if these trends persist.