Last week saw a rebound following US President Donald Trump’s decision to suspend tariffs on most countries except China, prompting Ethereum to maintain its lower landing channel at $1,392. This rise in price can be attributed to other factors, such as whales hitting the coin, according to Look on chain.
A mysterious whale acquired 15,953 Ethereums worth approximately US$26.45 million at the current market exchange rate. Look on chain added that several addresses believed to belong to the same whale transferred 15,953 Ethereums, depositing the coin on the Aave platform.
Although this transaction may not directly affect the price of Ethereum, it indicates an improvement in sentiment towards the currency. Based on the technical structure, Ethereum appears to be in a largely bullish position, supported by a buy signal from the Moving Average Convergence and Divergence (MACD) indicator. Which manifested itself as the MACD line (blue) crossed the signal line (red).
Traders may want to keep up with Ethereum’s potential move above the $2,000 level. However, they should not ignore the sharp volatility and macroeconomic uncertainty caused by President Trump’s tariff policy and the unresolved trade war with China. K33 Research noted in its weekly report that “market volatility remains high as the trade war between the two economic giants escalates.”
Moreover, the price of Ethereum continues its downward trend within a descending channel, which has been forming since mid-December. Breaking free from this trend could be quite challenging, especially with the 50-day Exponential Moving Average (EMA) at $1990, the 100-day Exponential Move Average at $2325. And the 200-day Exponential Moving Average at $2609, and is likely to present major pain points as some traders take profits. Which could dampen momentum. Bullish.
New Roadmap for Ethereum Focused on Assets and AI
The Ethereum Foundation, through its co-CEO, Thomas K. Stanczak, announced a simplified version of its roadmap on Sunday. The map focuses on scaling blocks, improving tier one block chain performance. And improving user experience in second-layer and application-layer compatibility.
The roadmap for the largest smart contract token has evolved since the merger in 2022. Vitalik Buterin, co-founder of the Ethereum Protocol, and the Foundation are often involved in developing the main roadmap. Which revolves around several phases, including integration, rush, catastrophe, edge, purge, and waste. These stages are intertwined and aim to achieve a highly efficient and scalable network while improving the user experience.
The simplified version of the roadmap published by Stanchak on Sunday details key developments focused on minting assets on the Tier I protocol, real asset support (RWAs), and stablecoins. At the same time, development will improve communication and significantly increase security expectations and goal-oriented R&D within the Ethereum organization.
The organization is expected to focus on artificial intelligence (AI) or proxy protocol to ensure it remains attractive to “the greatest thinkers in the long run.” Other key developments include the addition of autonomous machines that use Ethereum and human privacy in an open-source community.
The focus on minting assets on the Tier I protocol may reinforce Ethereum as the preferred platform for asset issuance, targeting real assets and stablecoins. This is likely to boost demand for Ethereum in settling gas charges for tier one transactions. However, it is important to recognize that this also contradicts the focus of the Master Roadmap on improving the scaling of the Tier II protocol.
The price of Ethereum rose slightly, targeting $2,000 as the whales return. Ethereum is hovering around $1,680 at the time of writing on Monday, up 5.12% from the week’s opening price.
Ethereum struggles to recover as momentum weakens
This week, the price of Ethereum started slightly higher after falling last week below the $1,500 level. While the price has maintained its support so far, momentum is weak. And the trend towards cryptocurrencies is still tilted downwards. Suggesting that any rally may be limited unless buyers regain key resistance levels.
The daily structure of Ethereum remains significantly bearish. The asset continues to trade below its 200-day moving average, located around $2,800, and has hit several lower highs and lows over the past two months. After breaching the $1,800-2,000 range last week, Ethereum is struggling to maintain support at $1,550.
The RSI remains low, hovering slightly above oversold levels, and momentum indicators do not show any strong bullish divergence. A break of the $1,550 level would open the door to the next key demand zone at around $1,300-1,400, while a recovering of the $1,900 level is necessary to slow the current downtrend.
The buy-sell ratio of Ethereum (ETH) buyers is trending below 1, suggesting that market orders are mostly sell-driven. Despite a slight rise in recent days. The overall trend remains bearish, suggesting that this rebound is not supported by strong demand. This is in line with the absence of bullish optimism on the charts.
A breakout of the trend line and a successful reversal of this zone could trigger a short-term rise towards $1,800. However, sellers remain active at every rebound. And the market structure still favors lower highs unless Ethereum can close above $1,700 and hold.
Until this rate decisively exceeds and continues to level 1, buyer appetite is likely to remain weak. In short, general sentiment shows constant fear. And the broader trend points to further decline unless buyers can force a change in the structure and volume of trading.
