The overall cryptocurrency market has been confusing traders and investors due to its immense volatility over the past 24 hours. Amid this, an Ethereum (ETH) price prediction seems like a key topic to discuss in order to determine where the price might head next.
Tariff Pause Rally Wiped Out by CPI Report
Following the 90-day pause on tariffs, the overall cryptocurrency market witnessed a notable upside rally, with ETH recording a price surge of over 20%. However, on April 10, 2025, all these gains have faded and the trend appears to be turning negative following the release of the United States CPI report.
Ethereum (ETH) Price Action and Technical Analysis
According to expert technical analysis, ETH appears bearish and is currently near the make-or-break level of $1,450. This key support level will determine where the ETH price is heading in the future. ETH has been consolidating near this level for the past four trading days.
Based on recent price action and historical patterns, if the downward selling pressure continues and ETH closes a daily candle below the $1,450 mark, there is a strong possibility it could drop another 30% to reach the $1,000 level in the coming days.
However, if the ETH price manages to hold this key support level, there is a strong possibility it could once again soar and reclaim the $1,850 level in the near future.
Whale Dumps $11.80 Million Worth of ETH
Looking at the bearish market sentiment and recent price action, an OG Ethereum whale recently dumped 7,974 ETH worth $11.8 million at an average price of $1,479 after being dormant for 3 years. Despite this notable sell-off, the whale still holds 30,606 ETH worth $45.7 million.
This dump by a whale who held for so long indicates that the upcoming days might be crucial, and a price decline may be possible.
Current Price Momentum
At press time, ETH is trading near $1,500 and has registered a price decline of 1% over the past 24 hours. During the same period, its trading volume jumped by 10%, indicating heightened participation from traders and investors compared to previous days.
