{"id":32218,"date":"2025-04-08T06:54:23","date_gmt":"2025-04-08T06:54:23","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=32218"},"modified":"2025-04-08T06:54:25","modified_gmt":"2025-04-08T06:54:25","slug":"ethereum-technical-analysis-report-8th-april-2025","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/ethereum-technical-analysis-report-8th-april-2025","title":{"rendered":"Ethereum Technical Analysis Report – 8th April 2025"},"content":{"rendered":"\n

Ether dropped to $1,410 on April 7\u2014its lowest point since March 2023\u2014sparking over $370 million in leveraged ETH futures liquidations within just two days, according to CoinGlass. The sharp decline was partially reversed as ETH bounced back above $1,500, mirroring the S&P 500\u2019s recovery above its key 5,000 support level. Despite the rebound, ETH has underperformed the broader crypto market by 14% over the past month. Adding to the downward pressure was the announcement that Ethereum\u2019s anticipated Pectra upgrade, initially slated for April, has been postponed to May 7. Developers did not provide a clear reason for the delay.<\/p>\n\n\n\n

At the time of writing, ETH was trading at $1,588.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

ETH has been trading in a downtrend over the past four months, plunging nearly 65% and making a recent low of $1,411. The asset has given a daily closing above the key support of $1,500 and has formed a \u2018Spinning Top\u2019 candle, indicating indecision in the trend. If ETH holds and sustains above this support level, we can expect a relief rally up to $1,750 and $2,150. However, if it breaks and closes below $1,500, prices could slide further to $1,350.<\/p>\n\n\n\n

Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset <\/strong><\/td>Resistance 1<\/strong><\/td>Resistance 2<\/strong><\/td><\/tr>
$1,350<\/td>$1,500<\/td>ETH<\/strong><\/td>$1,750<\/td>$2,150<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

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Ether dropped to $1,410 on April 7\u2014its lowest point since March 2023\u2014sparking over $370 million in leveraged ETH futures liquidations within just two days, according to CoinGlass. The sharp decline was partially reversed as ETH bounced back above $1,500, mirroring the S&P 500\u2019s recovery above its key 5,000 support level. Despite the rebound, ETH has […]<\/p>\n","protected":false},"author":1,"featured_media":31923,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[79,16,311],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/32218"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=32218"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/32218\/revisions"}],"predecessor-version":[{"id":32221,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/32218\/revisions\/32221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/31923"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=32218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=32218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=32218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}