- Ethereum had a rough start compared to Bitcoin and is still lagging behind, four months down the line.
- This could be a good sign, as Ethereum appears to have bottomed out against Bitcoin and is leading on the fundamental side.
- So far, the resistance to keep an eye out for is the $1,850 zone and if bulls manage to break through, ETH could aim for $1,920 and even push to $2,000.
Ethereum had a rough start compared to Bitcoin and is still lagging behind, four months down the line. However, could this price performance be a prime buying opportunity for Ethereum compared to Bitcoin? Here’s why analysts believe that Ethereum is the “most obvious play” for 2025, amid the ongoing crypto recovery.
Ethereum’s Rough Q1
Ethereum had a harsh first quarter in 2025, after dropping by as much as 45% from its January peak of $3,579. As it stands, the cryptocurrency trades have recently reached lows of nearly $1,780. The price drop pretty much wiped out a lot of the progress we saw after the U.S. election and also triggered some potential red flags in the market.
In March, ETH had a “death cross.” This is where its 50-day average price falls below its 200-day average price. Yet, analysts continue to maintain that short-term pain doesn’t necessarily mean long-term doom. On the contrary, it could be the beginning of a recovery.
According to recent insights from analyst Crypto Titan, Ethereum looks “strong” on the weekly timeframe. The analyst believes that the cryptocurrency is performing well compared to Bitcoin, and is likely to rebound off the $1,800 zone as support sometime in the future. This rebound will lead to a multi-week rally that returns Ethereum to its January highs of around $3,950.
Ethereum On the Fundamental Side
Aside from the technical indicators and positive signs in the charts, analysts believe that this could be Ethereum’s time to shine on the technical side as well. According to recent updates from crypto commentator Ted Pillows, Ethereum’s position as the leading defi platform is unlikely to change anytime soon. The analyst cited BlackRock’s stance on Ethereum as a platform, stating that the cryptocurrency will continue to host most of the world’s stablecoins.
More importantly, the network will continue to lead in aspects like real-world tokenization of stocks and commodities, as well as powering the exchanges on which these assets will be traded. As such, Ethereum is just as poised for dominance on the fundamental side, as it is on the technical side. Institutional investors are also piling into the Ethereum market in a show of this confidence, with four consecutive days of inflows in the ETF market, as well as an $18 million flow on 28 April alone.
Bullish Technical Patterns
While fundamentals are looking green, immediate technical analysis also shows an interesting story. Ethereum’s hourly chart reveals a tightening triangle formation, a setup that often precedes a decisive breakout move. The price of the cryptocurrency is currently holding firm around the $1,800 level and recently bounced from a low of $1,746.
So far, the resistance to keep an eye out for is the $1,850 zone, and if bulls manage to break through, ETH could aim for $1,920 and even push to $2,000. The four-hour chart shows a bull-flag formation, which often happens during short-term consolidations within a larger uptrend.
If Ethereum can break above the upper trendline, the charts show that an immediate price target of $2,100 could come into play, which is roughly a 15% upside from current levels.
