Ethereum tokens have lost almost half of its value in the first quarter of 2025 for the past few months, but have lost almost half of its value.
Interestingly, these trade tariff suspensions did not have a much bullish effect on “King of the Altcoin,” which could not hold above the $1,600 level in the past days. The inability of this Ethereum price to make a compelling recovery underscores the token struggle in recent months.
Is the price under ETH?
Pseudonymous Cryptollica shares fresh on-chain insights in its X platform post, suggesting that Ethereum prices could be at a pivotal point of bullish reversal. This projection is based on the Mayer Multiple Indicator, which measures the ratio of asset prices to the 200-day moving average (MA).
The 200-day MA represents the long-term average price of an asset. Mayer multiple estimates the actual price distance of an asset from this average to determine the conditions that are oversold and excess. The metric shows the top of the overheating market conditions and potential prices when its value exceeds the 2.4 mark.
On the back, Mayer Multiple Values below 0.8 are sold, indicating that the asset’s price may have hit a bottom. Ultimately, this metric is used to determine the macrobull or to withstand him when analyzing periodic price changes.
Source: @cryptollica on X
According to the GlassNode chart shared by Cryptollica, the Ethereum Mayer multiple has recently slipped under the 0.8 mark. This suggests that ETH prices may be at bottom, with a potential bullish inversion on the horizon.
Additionally, Mayer Multiple Indicator fell this low in 2022, as Ethereum prices rebounded above $4,000, making its current cycle price higher. As history repeats itself, the second largest cryptocurrency could embark on another journey to $4,000 (a gathering that exceeds 150% from its current price range) over the next few months.
Ethereum prices are at a glance
At the time of writing, ETH priced around $1,550, reflecting just 1% jump over the past 24 hours. Despite slight improvements in market sentiment, Altcoin’s performance in the weekly time frame remains roughly the same. According to Coingecko data, Ethereum prices have fallen almost 15% over the past seven days.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
ISTOCK featured images, TradingView chart
Editing process Bitconists focus on delivering thorough research, accurate and unbiased content. We support strict sourcing standards, and each page receives a hard-working review by a team of top technology experts and veteran editors. This process ensures the integrity, relevance and value of your readers’ content.
