{"id":841747,"date":"2025-04-18T09:12:51","date_gmt":"2025-04-18T14:12:51","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/18\/ethereum-eyes-another-correction-as-selloff-risks-grow-whats-next-for-eth-price\/"},"modified":"2025-04-18T09:12:51","modified_gmt":"2025-04-18T14:12:51","slug":"ethereum-eyes-another-correction-as-selloff-risks-grow-whats-next-for-eth-price","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/18\/ethereum-eyes-another-correction-as-selloff-risks-grow-whats-next-for-eth-price\/","title":{"rendered":"Ethereum Eyes Another Correction as Selloff Risks Grow: What\u2019s Next for ETH Price?"},"content":{"rendered":"
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\"Ethereum<\/figure>\n<\/div>\n
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Following comments by Federal Reserve Chair Jerome Powell<\/a>, Ethereum\u2019s price is struggling as it fails to validate a clear upward trend. On April 16, during a speech in Chicago, Powell stated that the Federal Reserve is not in a hurry to lower interest rates, highlighting a cautious \u201cwait-and-see\u201d approach that depends on further economic data. This announcement led to an increase in Ethereum\u2019s exchange inflows, signaling increased chances of a potential bearish correction.<\/p>\n

Ethereum Faces Rising Bearish Threats<\/h2>\n

Ethereum\u2019s price<\/a> has been trending downward, impacted by the Federal Reserve\u2019s cautious outlook on the economy, which has dampened investor sentiment. According to data from Coinglass, Ethereum saw approximately $40.6 million in liquidations over the past 24 hours. Of this, long positions accounted for about $26 million, while short positions made up roughly $14.6 million.<\/p>\n

The recent price decline coincided with a sharp increase in exchange reserves. On the previous day alone, more than 77,000 ETH were transferred to derivative exchanges, marking the largest single-day net inflow in several months. This sudden rise in supply increases the potential for selling pressure.<\/p>\n

However, data from IntoTheBlock reveals that the Netflow metric remains negative, at approximately -6,800 ETH. This indicates that overall outflows have exceeded inflows, suggesting that many investors were accumulating Ethereum amid the price decline.<\/p>\n

Source: IntoTheBlock<\/figcaption><\/figure>\n

Coinglass further reveals that open interest for Ethereum has been rising despite the downward pressure. The OI metric surged by over 3.87%, touching over $18 billion. However, the funding rate has been trending around the negative region at 0.0015%. As a result, bears still have the control to consolidate ETH with immediate Fib support levels.<\/p>\n

However, the current decline might turn out to be a strong rebound soon. According to a CryptoQuant analyst, Ethereum is trading close to its realized price, a level that has often signaled major rebounds in the past. The realized price, now around $1,585, is seen as a strong point for value buying.<\/p>\n

Ether\u2019s attempt at a price recovery is losing momentum around EMA trend lines as bears strongly defend EMA20 level. As a result, the price is hovering around the descending resistance line. Currently, ETH price trades at $1,588, declining over 1.5% in the last 24 hours.<\/p>\n

<\/figure>\n

If sellers manage to drive the price below $1,400, it could trigger a deeper decline toward the end of the bearish channel at $1,130. This level is expected to attract buying interest, but if bearish momentum remains strong, a further drop toward $1K is possible.<\/p>\n

On the upside, a decisive break and close above $1,700 would be the first indication that buyers are regaining control. Such a move could open the path for a rally toward $2K. Although the 50-day SMA might slow down the recovery, it is likely to be surpassed if bullish momentum builds. A strong push above $2K would suggest that the downtrend may be reversing.<\/p>\n

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\n Shayan Chowdhury<\/p>\n","protected":false},"excerpt":{"rendered":"

Following comments by Federal Reserve Chair Jerome Powell, Ethereum\u2019s price is struggling as it fails to validate a clear upward trend. On April 16, during a speech in Chicago, Powell stated that the Federal Reserve is not in a hurry to lower interest rates, highlighting a cautious \u201cwait-and-see\u201d approach that depends on further economic data.<\/p>\n","protected":false},"author":1,"featured_media":841748,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[404,25740],"tags":[],"class_list":["post-841747","post","type-post","status-publish","format-standard","has-post-thumbnail","category-another","category-ethereum"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/841747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=841747"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/841747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/841748"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=841747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=841747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=841747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}