Overview of the main elements:
- The month of April was closed with a hammer candle, which suggests a 60 %resumption.
- The strength of the BTC and the uncertainty of the Fed weigh on the dynamics of Ethereum.
- If the $ 1,800 are maintained, ETH could reach $ 2,500 to 3,000 in May.
The price of Ethereum fell 1.7 % in the last 24 hours to exchange $ 1,815 after receiving an intra -day summit of $ 1,846. An analyst stressed that the price of the ETH is super bullish and that it expects additional gains of 60 % in May. However, the market is in a sawtooth lately, what is the next step for the ETH?
The price of Ethereum faces a mixed market feeling
The cryptographic market was a battlefield this week, and Ethereum was not spared from the drama. The feeling of the market is mixed because the institutional adoption of Bitcoin aspired the oxygen of the room, with the BTC reaching $ 100,000 several times this year while the ETH is struggling to follow.
This led to a feeling of “risk-off” on the market, partly because of the huge “meme Run corner” on Solana (soil), which has drained liquidity like a vampire on the rest of the market. But what is good for Bitcoin is generally good for the entire market, and there is therefore hope for the ETH which could soon take a wave.
Macro-environment also plays an important role. The previous decision of the Federal Reserve to maintain rates at 4.25-4.50 % prompted prudence markets.
Polymarket prediction market data show that 97.6 % of users have bet $ 12.9 million to the fact that interest rates will not change in May.
Regardless of this overwhelming prediction, if the Fed is Dovish, we could see the price of the ETH go back to the $ 2.1K bar earlier than expected. Some analysts warned the possibility of a “massive market fall” if the president of the Fed, Mr. Powell, was optimistic at the next meeting.
An analyst plans a 60 % increase in the price of Ethereum in May
Analyst Crypto Fella shared on X a graph which follows the evolution of the price of Ethereum from 2016 to 2025, and it is a beautiful thing.
The most recent candle – a hammer – closed around $ 1,830.9, with a summit of $ 1,873.2 and a hollow of $ 1,792.7. For those who do not know, hammer candles are a Chad signal in technical analysis, often marking a reversal after a downward trend.
According to Crypto Fella, the last time the ETH closed a hammer like this, it increased by 60%, and Crypto Fella bets that history is repeated.
If we look at the graphic, the ETH reached a summit around $ 4,800 at the end of 2021, before a brutal lower market made it fall. The period 2023-2024 was marked by a certain recovery, but 2025 was a real ordeal, the ETH having recently dropped to $ 1,792.7.
This hammer candle at $ 1,830.9 is just above a key support area around $ 1,800, which has held up in the past. If this level is maintained, we could see the ETH set off to the resistance of $ 2,085 (the level of extension of the FIB 161.8 %, as underlined below). A break above $ 2,085 could open the door at $ 2,500 or even $ 3,000 if the bullish are launched thoroughly.
But here is what it is: the price of ETH compared to bitcoin has dropped, falling to 0.01766 – its lowest level since January 2020. This shows that the domination of the BTC is always a major opposite for the ETH. If the BTC continues to flex around $ 100,000, the ETH may need a serious catalyst to catch it.
On the other hand, the simple mobile average (MMC) at 50 days shows signs of upward reversal, which indicates a short and long -term upward trend.
Where is the ETH?
The ETH is at the crossroads and if the FED maintains its rates and the BTC continues to skyrocket, the King of the Alts could ride the wave up to $ 2,500,000 in the coming months, in particular with this bullish hammer candle.
In addition, Haussiers de l’Eth are enthusiastic and analysts are also optimistic, predicting that ETH could jump by 60 % in May and reach $ 3,000.
But the bears do not sleep. If the $ 1,750 support fails, the price of the ETH could drop more to $ 1,668 or lower. In addition, if Powell plays the harshs or if the domination of the BTC continues to drop the altcoins, we could attend a drop up to $ 1,750, even $ 1,500, as some analysts predict
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