Ethereum Surges 10.7% as Price Hits Critical Support Level

Ethereum’s price trajectory is poised for a significant shift by the end of 2025, with technical analysis indicating a potential surge beyond $4,000. Despite recent bearish trends, Ethereum is currently trading near a critical support level that could trigger an upward rebound. This support level, identified around $1,629 on the 3-day candlestick timeframe chart, has historically been a strong demand zone, marked by multiple liquidity sweeps and previous order block confirmations. This area previously triggered a significant bullish reversal in 2023, leading to a substantial price increase over the following year.

Ethereum’s price action throughout 2025 has been characterized by a series of structural breakdowns, eroding much of the bullish momentum from the end of 2024. The cryptocurrency has slipped through several key support levels, starting with the breakdown of a fair value gap near $3,700 in early January. This was followed by a critical change of character around $3,100 in February, signaling a shift from bullish to bearish sentiment. The situation deteriorated further in March, with Ethereum losing its $2,000 structural support level and plummeting past a major liquidity pool at $1,700, ultimately bottoming out at $1,415 on April 9.

According to a TradingView analysis, Ethereum’s current price level is at a critical juncture. The cryptocurrency has retraced into a high-demand zone, which could lead to a significant bounce. The next outlook suggests a rebound above $2,000, with a potential surge to $4,500. The analysis identifies three key price levels on Ethereum’s path to a new all-time high around $4,500. The first target is around $2,507, corresponding to a bearish order block that led to a structural break in March. The second level is at $3,708, marking a prominent resistance around the fair value gap from January. The ultimate target lies just beyond $4,500.

At the time of writing, Ethereum is trading at $1,795, reflecting a 10.7% increase in the past 24 hours. This upward movement is partly driven by Bitcoin’s recent break above $90,000. The current price action suggests that Ethereum is on the cusp of a major rebound, with the potential to surpass $4,000 by the end of 2025. The confluence of technical indicators and historical price patterns supports the notion that Ethereum is poised for a significant upward move, redefining its market trajectory in the coming years.