- ETH struggles to hold support as resistance blocks recovery momentum.
- BlackRock transfers $48M in ETH to Coinbase Prime for reallocation.
- Analysts say $1,522 must hold or downside risks may increase.
Ethereum is trading near $1,750 at press time after dropping 2.41% in the past 24 hours. The decline followed an earlier high of $1,802 and a day marked by volatility between $1,740 and $1,780. Trading volume also dropped sharply to $15.13 billion, down 35.81%, according to CoinMarketCap.
Source: Coinmarketcap
Analysts say Ethereum’s current momentum depends on its ability to hold above crucial horizontal levels.
ETH Retests Crucial Horizontal Levels Amid Tight Range Movement
Ethereum has revisited the $1,750 mark, a key support level previously linked to downturns. According to Daan Crypto Trades, this level has acted as a ceiling in recent recovery attempts, often leading to further losses when not reclaimed. The latest price movement signals another test of this level, which ETH is trying to close above for the first time in months.
Ethereum 1-day Chart Source: TradingView
Price action shows a bounce off the $1,368–$1,522 zone, which analysts call the “Must Hold” area. Maintaining this level could strengthen short-term sentiment. A close above $1,755 could open up room toward the “Somewhat hopeful” range near $1,880. If ETH breaches that, traders are eyeing a breakout past $2,100, with potential upside toward $2,800.
Short-term momentum leans bullish, but analysts remain cautious. The trend depends on ETH converting resistance into support and maintaining above $1,522.
Past Rebounds Offer Mixed Signals as Resistance Levels Hold
On April 11, 2025, Ethereum rebounded from its March 2023 lows, crossing above October 2023 levels. This bounce occurred near $1,368, a zone Daan Crypto Trades marked as vital for holding structural support. ETH has stabilized around $1,552, which sits inside a broader consolidation range known as the “Chop” zone.
Ethereum 3-Day Chart Source: TradingView
The $1,755 level continues to act as immediate resistance. If cleared, it’s identified as a near-term checkpoint where bullish sentiment could emerge. However, price action has historically failed to maintain upward movement beyond this point without more substantial volume or macro momentum.
A drop below the $1,520 area could send ETH back toward the $1,368 zone. This would signal weakness and may discourage recovery efforts. Analysts say Ethereum must maintain its current range to avoid invalidating the recent bounce.
BlackRock’s ETH Transfer Sparks Institutional Interest Watch
In the past hours, BlackRock transferred 27,852 ETH, valued at about $48.75 million, to Coinbase Prime. The transactions came from its Ethereum ETF wallet, split across three moves, including one with 10,000 ETH. On-chain data shows all funds landed in the Coinbase Prime Deposit address (0xC8c).
This activity has recently been among BlackRock’s most significant single-day ETH transfers. Analysts view this as potential positioning for ETF-related functions or liquidity reallocation. It reflects continued institutional interaction with Ethereum assets on regulated platforms.
While it remains unclear if these moves are tied to buying or selling, the volume suggests strategic portfolio adjustments. Traders are watching whether this institutional behavior signals growing confidence or preparation for further volatility.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
