- Ethereum’s long-term support area is consistent with realized prices that define the bottom points of historically major markets.
- The monthly RSI data displays 41.21. This indicates where the previous market reversal occurred, indicating that bear pressure may be declining.
- The price lies under the $10,000 resistance barrier, but appears to have a strong support level in the second quarter of 2025, indicating a potential upward trajectory.
Ethereum prices show signs of reaching a long-term basic level as market movements reflect previous bottom patterns of bare markets.
Research shows that Ethereum maintains its test position in key support areas marked by green bands that match the realized price values. Ethereum has historically established macro bottoms that appeared in the second half of 2018 alongside mid-2020. Recent price levels indicate the possibility of initiating a new accumulation phase following two previous upward price movements.
The technical indicator matches the formation of the bottom
The monthly RSI chart shows a value of 41.21. The current market position corresponds to previous market lowest prices when sales pressures began to lose strength. Market momentum appears to be in opposition to a downward trend that appears to be likely to lead to stabilization or reversal, according to current RSI indicators.
$eth usually marked the macro bottom at this level (realized price metric).
If that was done, the next target would be $10,000 (red line)
Everything about this chart is screaming at the bottom or near it. pic.twitter.com/nyglj4iy8y
– Mikybull🐂Crypto (@mikybullcrypto) April 8, 2025
Currently, the price is present above the green lower band, but continues to remain under the red upper resistance band, established at a range close to the $10,000 level. Ethereum’s historic trading boundaries reach maximum in the red zone, which serves as a possible long-term challenge during bull market reversal.
Market impact and outlook for progress
Cryptocurrency maintains its stance above realized price ranges, indicating the launch of new macro market patterns. If the market is below this important level, prices will continue to fall. Experts are closely tracking to see if Ethereum’s current support level exists in the second quarter of 2025.
Ethereum is currently at a critical time as its location near durable support encounters an indicator set that indicates mild excess conditions. This important price region will establish a future role in supporting continued price increases over the coming months.
