Log in

PRO
Market Direction

ETH battles key support amid downtrend

Published: Apr 11, 2025
0
Share:

ETH is fighting for a breakout at critical levels, with support around $1,230. As the market watches, will ETH reclaim its upward momentum, or continue its bearish trend?

Post Feature Image

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


  • ETH's Open Interest (by the number of coins) remains at highs. This is due to the coin's value going down substantially (reflected in higher OI by the number of ETH), but there is also still the appetite for funds to be taking advantage of the carry trade (Long Spot, Short Futures, and profit the Funding Rate).
  • However, ETH's Funding Rate has recently flipped to being negative, as we can see below, suggesting there is more of an appetite amongst traders to be Short, but we might look to take the other side of this.
ETH's funding rate:

AD_4nXdn9SM_N_HOAEhLpkQb3evZGXPoYyVYbTJINUVnueByOPPIvSvAW9GpLL-9eq_BiqqP-T_tqGL5Q83LVdeBFJDylBGudQfBP-pFLIfPmb39te66-3BFNW1Sj7JHE19HHuCZwXpi2g

Technical analysis

  • ETH has been in an aggressive downtrend now for 4 months, having reached extreme oversold levels, not seen since August 2024, and August 2023.
  • Price is currently battling at the horizontal level of $1,530, whilst price is also squeezing into the local downtrend.
  • The key level for price to reclaim to the upside is the $1,745 horizontal level. If this happens and the price can break out of the downtrend line, then $2,000 (psychological level) is the target.
  • On Tuesday, the RSI went into extreme oversold levels. It has since bounced, and it's now pushing up against its downtrend line, whilst it's also got above its moving average.
  • In terms of accumulation levels for ETH, we see ETH as being close to a bottom. We'd be accumulating for the long-term (maybe smaller sizing against HYPE SOL etc), between $1,230 and $1,550.
AD_4nXdaO8QCTx4edyoyfgkC-Po_O7mH3NUo5e3O0iso-clE2S7fgEE-v6PhUyBjDVg9UKx5r7U6lbXAW1nxuuwplkActkvSHv6FrRJenkSsbKY3pKAXSu5foKZqYPPsVJeHwzGMvy8_
  • Next Support: $1,230
  • Next Resistance: $1,745
  • Direction: Neutral/Bullish
  • Upside Target: $2,160
  • Downside Target: $1,230

Cryptonary's take

As we said, ETH has been in an aggressive downtrend for 4 months now, and it's down 65% from its highs. With us potentially beginning to turn on the macro front, it might be wise to begin turning from a bearish to a more bullish bias and to be looking to pick up longer-term Spot bags. For that, we'll be eyeing the range between $1,230 and $1,550.

In the short term, we think ETH might be good to attempt a breakout of its downtrend line here. However, the critical testing area will be $1,745, if ETH can reclaim that horizontal level, and then breakout of the downtrend line, $2,160 is the target.

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
BTC, ETH, and More: Double Bottoms and a Critical Bounce
PRO
Market Direction
BTC, ETH, and More: Double Bottoms ...Markets rebound off key lows, BTC and major alts flash double bottom signals. Will support hold for ...
6 min read
Oct 20, 2025
BTC, ETH, and More: Bearish Pressure as Key Support Levels Break
PRO
Market Direction
BTC, ETH, and More: Bearish Pressur...Markets face critical retests with BTC and major alts breaking supports; all eyes on bounce zones an...
7 min read
Oct 17, 2025
BTC, ETH and More: Key Supports Reclaimed, Next Targets in Play
PRO
Market Direction
BTC, ETH and More: Key Supports Rec...Markets are showing signs of recovery after last week’s turbulence. Bitcoin and Ethereum are stabili...
4 min read
Oct 15, 2025