Ethereum’s Price Stagnates at $1,800 Amidst Market Volatility

Ethereum’s price has stabilised around $1,800 for the past two weeks, indicating a pause in its downward trend. After a market surge triggered by political events late last year, ETH faced significant declines, even hitting a low of $1,500 before recovering. Factors like market overvaluation and competition from Solana have deeply impacted ETH, but there’s cautious optimism about a potential rebound.

Ethereum’s Price Stalls Around $1,800 Amidst Market Challenges

Ethereum (ETH) has been stuck around the $1,800 mark for a couple of weeks now. While that might not sound like great news for current holders, it does bring some hope. This consistency indicates a halt in the ongoing decline, which is a slight silver lining amidst the broader trends.

To shed light on the past months, Ethereum’s price has seen quite a rollercoaster. After Donald Trump’s electoral win last November, ETH surged from $2,400 to $4,000, creating a brief burst of enthusiasm. Alas, that surge was short-lived, collapsing back down once Trump actually took office in January.

By February, ETH settled around $2,600 but continued its downward spiral. By late February, Ethereum’s price had plummeted well below its previous highs, ultimately landing below $1,900 in mid-March. Then came another drop in early April, even touching the grim low of $1,500. Thankfully, the price recovered slightly, stabilising above the $1,800 in the last weeks.

Several factors contributed to Ethereum’s dip. Firstly, there was a significant overvaluation period between 2022 and 2024. After Ethereum shifted from Proof-of-Work to Proof-of-Stake in September 2022, its price briefly rallied. In June of that year, ETH was valued at 0.054 Bitcoin and soared to 0.080 by September, closing the year at 0.075. However, 2023 saw Ethereum’s valuation dip to 0.050 Bitcoin, signalling troubles ahead.

During 2024, an anticipated approval of spot ETH ETFs by the SEC created a temporary buzz, pushing the ETH price in Bitcoin back to around 0.055. But when these ETFs launched, a wave of liquidations happened, sending the price crashing down to 0.034 Bitcoin. Now, it’s even worse, with ETH hovering around just 0.019 Bitcoin, a far drop from last October’s figures.

Competition is another major hurdle for Ethereum. The rise of Solana has reshaped the landscape for memecoins, where it now leads in new token launches. Previously, Ethereum was the go-to platform for new projects, heavily used to pay transaction fees. However, many new tokens have shifted to Solana, which erodes Ethereum’s market share. Interestingly, Trump’s own memecoin was launched on Solana, illustrating this trend.

As for the past few weeks, it appears that the recent bottom for Ethereum could be marked at around $1,500. The price trajectory has exhibited almost uninterrupted decline from $4,000 in December 2024 to $1,500 in April 2025, with some signs of life starting at the end of April – which saw stabilization around the $1,800 mark.

Recent charts suggest a possible end to the descending trend, showing this plateau as a potential new beginning. Still, this doesn’t guarantee stability moving forward as another bearish phase could emerge. Analysts remain cautiously optimistic about the late April rebound, suggesting that the previous drop to $1,500 might have been excessive, aligning it closely with the bottom figures from 2023. Perhaps we will see some changes soon – the wait continues.