- After weeks of drawdown, the price of Ethereum is now on track for a possible rebound.
- Key network trends and upgrades serve as a catalyst to drive price boosts.
Ethereum (ETH), the second-biggest cryptocurrency by market cap, saw its worst quarterly price performance in Q1 2025. The altcoin faced persistent bear dominance during the quarter, fueled by macroeconomic events.
However, this new week brought good news for Ethereum investors, as key catalysts suggest the altcoin is primed for a major rally.
ETH Prepares for Rally
Earlier this month, the price of ETH dropped to its lowest in years, to $1,400. Additionally, ETH fell against Bitcoin to its lowest in years, indicating underlying performance issues. Analysts, however, attributed this fall to investors’ bearish sentiments and the overall crypto market crash.
For now, the selling sentiments are not yet over. Still, a buy signal has formed in the ETH price chart, presenting the possibility of a rebound. Popular onchain analyst Ali Martinez has commented on Ethereum’s potential.
Martinez posted a chart on X, showing the TD sequential indicator is presenting Setup 9 on the Ethereum weekly chart. This is usually an indicator of trend reversal. On previous occasions, the “9” marked the end of the bearish trend and presented buying opportunities.
Moreover, the candle is small, indicating dwindling selling pressure and traders’ rising buying interest. In addition, a smooth uptrend can form as no major resistance near the chart exists.
At press time, ETH was priced at $1,643, up 2.43% in the last 24 hours. The daily increase has helped ignite a 5.3% weekly surge in ETH, with a market cap of $198 billion.
Meanwhile, Ethereum has formed a symmetrical triangle, indicating the possibility of either an uptrend or a downtrend. If the price moves upwards, ETH could rally to $1,900. On the contrary, a downside move could result in a crash to $1,380.
In a previous article, we discussed that experts foresee Ethereum hitting $7,000 before the end of 2025. Their prediction is based on historical bullish patterns that they think would repeat.
Ethereum Ecosystem Projects to Watch
Ethereum is synonymous with consistent updates to improve network performance. With the price of ETH on the move for a potential rebound, the market is now watching to see the next project for the ecosystem.
As mentioned in our previous news brief, Ethereum co-founder Vitalik Buterin published a new roadmap focused on improving Layer-1 privacy. Buterin’s plan covers four key areas, including network-level anonymization and privacy of on-chain payments. The other two areas are the privacy of reads to the chain and partial anonymization of on-chain activity inside applications.
Buterin also suggested that wallets rotate between RPC nodes, preventing metadata from leaking.
Another key event on the horizon for the Ethereum network is the Pectra upgrade. As we covered in our latest report, the Ethereum Foundation has officially scheduled Pectra to go live on May 7, 2025. Pectra aims to enhance Ethereum’s core functionality, with improvements centered around wallet usability and staking efficiency.
