Ethereum Price Crashes Below $1,800! Find Out Why Experts Predict Even Bigger Drops

Ethereum has been facing constant downward pressure in recent weeks. The first quarter of 2025 has been difficult for the blockchain, with the price touching years-long lows. The ETH/BTC ratio is also at an alarming level, and ETH’s woes look far from over. The Ethereum price fall has also given rise to bearish sentiments from investors, especially long-term holders of the token. In their report, CryptoQuant notes that the drop in activity on the Ethereum network is one of the main reasons behind the price crash. This means that there is less user engagement, resulting in lower demand for ETH. This situation has been driving the Ethereum price down.

The Ethereum network relies on decentralized applications (dApps) and smart contracts for activity. However, CryptoQuant reports decreasing interest in these applications, which has led to lower usage of ETH for gas fees. This reduced demand for gas fees further worsens the selling pressure. Also, the rise in ETH inflows to centralized exchanges is a concern.. Increased inflows often point to a selling trend, which drives prices lower. CryptoQuant highlights a consistent pattern of higher inflows, which adds to the bearish sentiment.

Gas Fees Cut Causing Ethereum Price Fall

Also, Ethereum got the Dencun upgrade last year. Blobs were introduced, and transaction fees were slashed considerably. This led to less ETH being burned and more minted. This caused ETH to become inflationary again. With the ETH burn rate hovering near its lowest, the bears have taken control. CryptoQuant analyst Egyhash mentioned that Ethereum has a chance at potential recovery if there are positive changes in the network activity. If more transactions take place, the transaction fees would be higher, and more ETH will be burned. 

As of now, it is evident that Ethereum has failed to hold on to key support levels and needs sustained buying pressure to showcase any positive movements. Given Ethereum’s situation,  let us also take a look at how the seasoned coin has been performing on the charts and make an ETH price prediction for today.

ETH Price Analysis: Ethereum Stabilizes After Dramatic Fall

ETH commenced trading yesterday at $1,790. On the back of the golden cross on the previous day, Ethereum was off to a flyer, going on a stable uptrend, reaching $1,833 in the first three hours of trading. However, the $1835 mark posed resistance. ETH found quick support at $1,819. Rapid action on the MACD followed, and ETH spiked to $1,842. However, an extended death cross followed, as ETH fell. It broke the support level and touched $1,808 before facing a reversal. The initial uptrend was stopped in its tracks by the $1,823 level. ETH failed to break across and slumped downward, going all the way down to find support at $1,757 at 12:50. 

Chart 1: analyzed by raodevansh18, published on TradingView, April 4, 2025

The RSI reported oversold levels at this point. As buying pressure picked up again, ETH showed high fluctuations as it oscillated between the support and $1,790 resistance. At 15;10, ETH attempted to break the resistance again, but failed. However, with a slight price correction, the uptrend kept going, thanks to the stable buying pressure as ETH reached $1,822 by midnight. On April 4, ETH faced some correction, mainly due to the overbought levels, and fell to a support of $1,783. 

ETH Price Prediction: Can ETH Break Across $1,820 Today?

The Ethereum price today has shown some semblance of stability in the last 24 hours. For now, it seems like ETH has a good support level to go off of, and further positive movement looks highly plausible. If ETH can break the $1,823 resistance early today, the next key level to watch will be $1,850. However, that could only be achieved through sustained buying pressure, which has been a missing force in Ethereum’s proceedings today.