- Ethereum dropped nearly 10% in seven days, now trading around $1,820 after losing key support.
- Analysts like Mister Crypto and Merlijin see bullish 2025 patterns, citing whale accumulation and past trends.
- Ether’s Q2 average return is nearly 60%, but some warn of a drop to $1,130–$1,200 range.
Ethereum has dropped nearly 10% in the past week and is now trading around $1,820. After a strong start to the year, the broader crypto market lost steam. Once Ethereum slipped below $3,000, the downtrend gained pace, eventually breaching the $2,000 support level. This decline has strengthened bearish sentiment, but some analysts believe a major turnaround is coming.
Crypto analyst Mister Crypto sees a historical pattern playing out. In an April 3 post, he compared Ethereum’s current price movements to its trajectory in 2020, right before a major rally. According to him, while retail investors may be losing confidence, whales—large investors holding significant amounts of Ether—are accumulating. If the pattern repeats, it could see a strong bull run in Q2 2025.
Ethereum has a history of strong second-quarter performances. Data from Coinglass shows that its average Q2 return is nearly 60%, with a median return of 12%. Even after weak first quarters, it has bounced back. In 2018 and 2019, Q2 delivered double or triple-digit gains. If that pattern holds, ETH’s current Q1 drop of 45.41% might just set the stage for a massive rebound in the coming months.
Ethereum Mirrors Bitcoin’s 2021 Surge
Adding to the bullish outlook, analyst Merlijin The Trader, sees Ether following a pattern similar to Bitcoin’s pre-2021 breakout. He compared Ethereum’s structure—marked by accumulation phases, resistance retests, and sharp pullbacks—to Bitcoin’s behavior before its explosive bull run.
Bitcoin’s 2021 is repeating…But this time, it’s Ethereum’s turn,” he stated.
His analysis shows that Ether has been trading between $900 and $2,000 during a long accumulation period that started in mid-2022 and stretched into early 2024. Merlijin pointed out that a sharp drop earlier this year—triggered by the ByBit hack—looked eerily similar to Bitcoin’s plunge during the COVID crash. That move had shaken out weak hands before the real run began.
If Ethereum manages to break above the $2,500 resistance level, Merlijin expects a significant price rally, much like Bitcoin’s leap past $10,000 in late 2020. “Same accumulation. Same shakeout. Same explosive reversal loading. Don’t fade $ETH in 2025,” he stated.
Some Analysts Warn of a Deeper Drop
Despite the optimism, not everyone is convinced that Ethereum is on the verge of a major rally. Crypto market expert Cryptododo7 predicts a potential drop to $1,130–$1,200 before any real recovery takes place.
Likewise, CryptoBullet points out that Ether now touched its 300-week moving average for only the second time in history. The last time that happened, the cryptocurrency entered a prolonged bearish phase. If the pattern holds, ETH might not see an immediate bounce.
Ethereum’s future in 2025 remains a battleground between bullish and bearish narratives. If historical trends hold, Q2 could bring a powerful recovery, but if the market continues to struggle, Ether could still have more pain ahead before a true breakout occurs.
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