Ethereum Price Slips 5% Below $1,580 — Is a Shocking ETH Drop to $1,400 Next?

Ethereum’s recent bull run above $1,550 has drawn significant attention from the crypto world. Though Ethereum touched near $1,687, ETH price action is showing early indications of cooling off. 

As minor corrections surface, the focus now shifts to whether buyers can maintain control. With a fresh bearish trend line emerging, trenders are closely monitoring Ethereum price momentum to indicate the next big move.

Ethereum Struggles Near $1,580—Is A New Rally Ahead?

Ethereum demonstrated resilience by surging above the $1,550 and $1,600 resistances. The surge in Ethereum price followed after establishing a solid base around $1,400. The price was propelled upwards by bulls, and ETH even temporarily broke through $1,680. The price is currently trading below $1,580. The 100-hourly simple moving average indicates critical action.

Chart 1 – Provided by aayushjindal, published on TradingView, April 11, 2025.

A bearish trend line has developed on the hourly ETH/USD chart, offering resistance at $1,550. If buyers fail to reclaim the $1,580 resistance, there’s a risk that ETH trading could see a further pullback. This pullback set ETH toward key support levels like $1,500 and $1,455. The ongoing correction has left crypto bulls wondering if the next wave of buying pressure is coming.

Ethereum’s Battle With Key Resistance Levels Intensifies

Ethereum price action faces crucial tests at multiple resistance points. A critical move above $1,580 could open the rally toward $1,620 and retest the $1,680 zone. Ethereum price momentum might carry the asset toward $1,750 or even $1,800 in the short term. Social media buzz and trading forums highlight strong retail interest, but many are wary of overhead pressures. 

Recent discussions also focus on the weakening ETH price relative to Bitcoin, as ETHBTC slipped by a marginal 0.12%. Despite the minor downturn, analysts maintain that ETH trading remains well within the correction zone if $1,500 support holds. On-chain data points to mixed signals, with increasing wallet activity but slight dips in overall transaction volumes.

Development Outlook and What Lies Ahead for Ethereum

Looking forward, the Ethereum price action narrative hinges on whether bulls can break and sustain. It may move above $1,580 and $1,620. Technical setups suggest that if ETH can clear the immediate resistance zones. There may be a bullish reversal that may be imminent, paving the way for new highs in the coming weeks.

However, downside risks remain. A failure to sustain above $1,500 could invite deeper corrections toward $1,455 and $1,420. These levels are making it a challenging environment for ETH trading. Traders must watch these levels closely as the future of the ongoing trend hangs in the balance.

Overall, while minor corrections are normal, crypto bulls must step up to prevent further inactivity. A balance between holding supports and breaking resistances will shape the next leg of Ethereum price momentum.

Final Verdicts: ETH Bulls or Bears Ahead?

Ethereum price action presents a mix of opportunities and risks for traders and investors alike. Although the bulls are not out of the game, the emergence of a bearish trend line and cooling momentum could test their resolve. As ETH hovers near critical levels, it remains to be seen whether crypto bulls can reassert dominance and push the ETH price into new bullish territory. Until then, volatility will likely define ETH trading conditions.