Ethereum Plunges 8.13% Amid Tariff War Chaos

Ethereum (ETH), the world’s second-largest cryptocurrency, is experiencing significant volatility due to a global selloff triggered by escalating tariff war tensions. The aggressive tariff measures implemented by President Trump have shaken global markets, and crypto assets, including Ethereum, are not immune to this macroeconomic chaos. As Ethereum's price plunges below critical levels, traders are assessing the potential extent of the decline and asking how low Ethereum could go in April.

A detailed analysis of Ethereum’s daily and hourly charts provides insights into the asset's vulnerability and the likelihood of a near-term reversal. The daily chart reveals a steep downtrend with long-bodied red bars on the Heikin Ashi candles, indicating strong bearish momentum. Ethereum closed the most recent session at around $1,547, down 8.13% in a single day, following several consecutive losing days. This confirms not just a correction but a deeper breakdown.

The asset has fallen below all key moving averages, including the 200-day Simple Moving Average (SMA), which typically serves as a critical support level for long-term investors. Breaking this line historically signals extended bearish periods. The Accumulation/Distribution Line (ADL) is also in sharp decline, indicating that smart money is not stepping in to buy the dip. Without accumulation, a meaningful reversal in the coming days is unlikely.

On the hourly chart, Ethereum has shown a small bounce off the recent low near $1,411, rising back to $1,571. However, this rebound came after an extended downward cascade and is still under all major moving averages, including the 20, 50, 100, and 200 SMAs. The 200 SMA at $1,794 is particularly distant, showing how stretched the price is to the downside. Heikin Ashi candles on the hourly timeframe have turned green, but only recently and without strong upward momentum. The recent candle spike suggests a short squeeze or profit-taking rather than a real trend reversal. The ADL here remains flat to declining, indicating no real accumulation even on short timeframes.

In summary, the hourly chart offers a temporary pause in selling, not a reliable sign of bullish recovery. Ethereum’s next major support level is $1,400, which held up in the most recent drop. If this level breaks again under stronger selling pressure, the next targets lie near $1,320 and $1,200, zones that previously acted as demand during the 2022–2023 bear market. On the upside, Ethereum must reclaim $1,685 (the 50 SMA on the hourly chart) to neutralize the short-term trend. But the real shift in momentum would only occur above $1,800, where the 200 SMA and key resistance converge. Without those levels being broken, rallies remain suspect and vulnerable to quick rejection.

Moving averages indicate that ETH price is trading below all major moving averages across both timeframes, with the downward-sloping nature of the SMAs reinforcing the bearish momentum. This alignment usually precedes further downside unless invalidated by volume-backed breakouts. Heikin Ashi candles on the daily chart are extremely bearish, and while hourly candles have shown a bounce, the lack of consistency and volume weakens any bullish interpretation. Bulls need to see smaller-bodied, higher low candles to confirm reversal, which haven’t formed yet. The ADL on both charts is trending down, which is among the most troubling signs. A falling ADL during price dips suggests that whales and institutions are exiting, not accumulating—bad news for bullish continuation.

If bearish momentum persists and $1,400 breaks, Ethereum price could retrace to $1,200 or even $1,000 in April, particularly if macro fears escalate and crypto sentiment weakens. This would mark a full capitulation move and potentially form a long-term bottom. However, if ETH stabilizes above $1,500 and starts to reclaim $1,685–$1,700, a short-term relief rally to $1,800–$1,850 could be on the table. But without strong volume and a rising ADL, even such a rally would be vulnerable to rejection.

Ethereum is at a critical juncture. With its long-term trend broken, institutional selling confirmed, and macro headwinds intensifying due to tariff wars, the downside is very real. While the short-term bounce may offer hope, the broader trend remains clearly bearish unless a reversal pattern with volume emerges. So how low can Ethereum go in April? If the $1,400 level doesn’t hold, $1,200–$1,000 becomes a real possibility—and fast.