Ether Leeum Token has been under severe weakness over the past few months and has lost almost half of the value in the first quarter of 2025. With the rest of the ALTCOIN market, ETH seriously bleeded with US President Donald Trump’s new trade tariff.
Interestingly, the suspension of trade tariffs was not much optimistic about the “King of Altcoin,” which had not exceeded $ 1,600 last day. The fact that these Etherrium prices cannot cause convincing recovery emphasizes the struggle of tokens in recent months.
Is the price of ETH?
Cryptollica’s crypto analysts share Fresh on-chain insight from the X platform’s post, suggesting that the price of Ethereum may be at the pivotal point of optimistic reversal. This projection is based on Mayer multiple indicators and measures the ratio of asset prices and 200 -day moving average (MA).
200 days MA represents the long -term average price of assets. And Mayer multiple estimates the distance of the actual price of the asset in this average value to determine the overreage and overbureation conditions. This metrics represent the top of the potential price when overheating market conditions and value are higher than 2.4 points.
On the other hand, less than 0.8 Mayer multiple values signal overreation conditions and the price of assets may have reached the floor. Ultimately, this metrics are used to determine the bull or tolerate their macro when analyzing periodic price fluctuations.
Source: @cryptollica on X
According to the GlassNode chart shared by Cryptollica, Ethereum Mayer has recently slipped below 0.8 points. This suggests that the price of the ETH can fall, and potential strengths can be reversed on the horizon.
Moreover, when the Mayer multiple indicators fell to this lowest in 2022, Ether Lee’s price rebounded to more than $ 4,000, the current price. If history is repeated, the second largest cryptocurrency will start another journey for $ 4,000 (more than 150% at the current price) over the next few months.
At a glance, Etherrium price
At the time of this article, ETH is about $ 1,550 and reflects only 1%of jumps in the last 24 hours. Despite the slightly improving market sentiment, the performance of Altcoin during the weekly period was almost the same. According to Coingecko data, Etherrium prices have fallen almost 15% over the last seven days.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Istock’s main image, TradingView chart
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