{"id":58897,"date":"2025-04-13T12:00:32","date_gmt":"2025-04-13T12:00:32","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=58897"},"modified":"2025-04-13T12:00:32","modified_gmt":"2025-04-13T12:00:32","slug":"ethereum-reclaims-key-support-at-1574-heres-the-next-price-target","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=58897","title":{"rendered":"Ethereum Reclaims Key Support At $1,574 \u2013 Here\u2019s The Next Price Target"},"content":{"rendered":"

Market prices of Ethereum (ETH) gained by over 4% in the past day, as the prominent altcoin broke out of a tight consolidation zone<\/a> between $1,548 and $1,599. Despite some retracement in the last few hours, the growing bullish momentum in the ETH market shows signals of a sustainable price rally. Notably, renowned crypto analyst Ali Martinez has highlighted the potential next price target for the second-largest cryptocurrency.\n<\/p>\n

ETH Bulls Set Sights On $1,810 Resistance<\/strong><\/h2>\n

In an X post<\/a> on April 12, Martinez shares an Ethereum price prediction using on-chain data from analytics company IntoTheBlock. Martinez\u2019s post shows that Ethereum has now reclaimed a critical support level at a demand zone between $1,547 and $1,595. This zone represents a significant accumulation area, with approximately 5.48 million ETH held by 2.83 million addresses at an average purchase price of $1,574.\n<\/p>\n

The resurgence in buying activity around this price region indicates a considerable trading volume which is critical to sustaining the current bullish momentum. At press time, Ethereum trades at $1,642 showing signs of resilience following its recent breakout.\u00a0<\/p>\n

If the price rally persists, Martinez explains the altcoin is headed for a strong resistance zone between $1,791.11 and $1,838.86. This area contains 1.61 million ETH held by 3.2 million addresses at an average price of $1,810. Notably, this zone is visualized in red indicating that many of these investors are \u201cout of the money\u201d and are likely to sell once prices recover\u2014 offering a potentially significant resistance to Ethereum\u2019s ongoing rebound.<\/p>\n

If ETH bulls can surge past this resistance level, it could confirm a trend reversal for the altcoin following a consistent decline since the altcoin hit the $4,000 price zone in December 2024.\n<\/p>\n

Ethereum Market Overview<\/strong><\/h2>\n

Generally, IntoTheBlock\u2019s data shows 56.7% of ETH addresses are currently \u201cin the money,\u201d representing 8.3 million ETH worth about $13.24 billion. In contrast, 41.99% (6.14 million ETH) of holders are \u201cout of the money,\u201d suggesting the market sentiment still largely remains cautious.<\/p>\n

Meanwhile, only 191,830 ETH (1.31% of total volume) is considered \u201cat the money,\u201d signaling minimal congestion around the current price level, which may favor a swift move in either direction.<\/p>\n

At the time of writing, Ethereum continues to trade at $1,642 as earlier stated, with a price decline of 8.50% in the last week. Meanwhile, daily trading volume is down by 13.08% indicating a waning market interest which could be potentially harmful to the ongoing price rally.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

Market prices of Ethereum (ETH) gained by over 4% in the past day, as the prominent altcoin broke out of a tight consolidation zone between $1,548 and $1,599. Despite some retracement in the last few hours, the growing bullish momentum in the ETH market shows signals of a sustainable price rally. Notably, renowned crypto analyst […]<\/p>\n","protected":false},"author":0,"featured_media":58898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-58897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/58897"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58897"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/58897\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/58898"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}