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The Ethereum token has undergone significant down pressure in recent months, losing almost half of its value in the first quarter of 2025. With the rest of the Altcoin market, ETH Bled following the announcement of new trade rates by US President Donald Trump.
Interestingly, the suspension of these commercial prices did not have as much bullish effect on the “King of Altcoins”, which failed to hold above the level of $ 1,600 during the last day. This incapacity for the Ethereum price to set up a convincing recovery emphasizes the drops of the token in recent months.
Crypto Analyst with the pseudonym Cryptollica shared new information on the chain in an article on the X platform, suggesting that the price of Ethereum could be at a central point of bullish overthrow. This projection is based on the Mayer multiple indicator, which measures the ratio between an asset price and its 200 -day mobile average (MA).
The 200 -day MA represents the long -term average price of an asset; And the multiple Mayer estimates the distance from the actual price of the active value to determine the excessive and occurrence conditions. The metric indicates a condition of the overheating market and a potential price when its value is greater than the brand of 2.4.
On the other hand, a mayer multiple value less than 0.8 signals a condition of occurrence and that the price of the assets could have reached a background. In the end, metric is used to determine the macro bull or wear it when analyzing cyclical price changes.
Source: @cryptollica on X
According to the Glassnod graph shared by Cryptollica, the Multiple Ethereum Mayer recently slipped under the brand of 0.8. This suggests that the price of ETH could be a background, with a potential optimistic inversion on the horizon.
In addition, the last time the Mayer’s multiple indicator fell to this bottom in 2022, the price of Ethereum rebounded above the $ 4,000 mark – the high price in the current cycle. If history is repeated, the second largest cryptocurrency could embark on another trip at $ 4,000 – a rally of more than 150% compared to the current price – in the coming months.
When writing these lines, the price of the ETH amounts to around $ 1,550, reflecting a leap of 1% in the last 24 hours. Despite the slightly improved feeling of the market, Altcoin’s performance on the weekly time has remained almost the same. According to Coingecko data, the Ethereum price is down almost 15% in the last seven days.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Istock star image, tradingview graphic
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