Ethereum is trading around $1,599, rebounding after reaching its low of around $1,545 on April 20, 2025.

Ethereum has lost over 70% of its value since its all-time high around the psychological level of $5,000. Therefore, we could expect a technical rebound above this important monthly support level around $1,540 in the coming days.

Ethereum has been trading within a descending trend channel since August 2025. We believe that if a recovery above $1,500 occurs, ETH could reach the 3/8 Murray level around $1,875 and even the upper band of the weekly descending trend channel around the psychological level of $2,000.

Our trading plan for the next few hours is to buy ETH/USD above $1,550 with targets at $1,875 and $2,000.

The technical chart shows a potential weekly downside. Thus, if a pullback to $1,875 occurs, the bearish cycle could resume, and Ethereum is expected to reach the 2/8 Murray around $1,250 in the coming weeks or even months.

Ethereum is experiencing significant depreciation. As Bitcoin continues its fall, we could expect Ethereum to reach the psychological level of $1,000 due to its strong correlation with Bitcoin, since analysts expect Bitcoin to collapse to the psychological level of $50,000.

In the coming days, we will buy Ethereum at attractive price levels, provided it consolidates above $1,550, with a target at the psychological level of $2,000.