Analyst Predicts "Most Hated Rally" For Ethereum Price Even as ETH Market Share Slips

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Analyst Predicts “Most Hated Rally” For Ethereum Price Even as ETH Market Share Slips – Crypto News

Published

4 months ago

April 16, 2025

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Ethereum price is witnessing different predictions about its next move, with some forecasting a “most hated rally” while others point to bearish signals. The multiple analyses come as ETH’s market share approaches all-time lows.

Analyst Says Ethereum Price Will Melt Faces

Analyst Crypto Caesar expresses a bullish outlook. In a recent tweet, he stated that Ethereum will melt faces soon. He also added that the most hated rally is coming.

$ETH – #Ethereum will melt faces soon. The most hated rally is coming.

▫️Oversold
▫️Bullish Divergence
▫️Looks bottomish pic.twitter.com/c0Fl8QdFq1

— Crypto Caesar (@CryptoCaesarTA) April 14, 2025

One of the key factors that Caesar points to is “oversold bullish divergence” that “looks bottomish.” This optimistic view is shared by Merlijn The Trader, who claims that the Ethereum double top is completed. He also mentioned in his tweet that now comes the face-melting rally no one expects.

However, not all analysts share this positive sentiment. Gordon highlights Ethereum’s declining market share. He noted that it has neared all-time lows and mentioned that it points to a potential ETH price drop to $1,100.

Ethereum market share nears all-time lows as bearish chart signals potential $ETH price drop to $1,100 👀 pic.twitter.com/NKr45vB4V5

— Gordon (@AltcoinGordon) April 15, 2025

ETH Shows Conflicting Chart Patterns

Multiple technical analysts have identified different chart patterns for Ethereum. Analyst BOBO notes that ETH is currently forming a descending triangle pattern. This is a formation that traditionally has bearish implications but could resolve in either direction depending on market conditions.

BOBO explained that if the market aims to shake out weak hands, another dip could occur before any potential recovery. However, the analyst leans toward a scenario where ETH breaks directly above the $1,700 resistance level.

$ETH is currently in a descending triangle pattern 📉.
If the market wants to shake out weak hands, we could see another dip before a potential recovery.

However, I’m leaning toward a direct breakout above the $1,700 resistance level. 🔥

Eyes on the charts — the next move could… pic.twitter.com/FRx9mf7CC8

— BOBO (@BOBOObtc) April 14, 2025

Taking a more specific approach, analyst Ted stated in a tweet that ETH is approaching a breakout point. Ted connected Ethereum’s price action to broader market movements. He noted that global markets are gaining strength, which could help ETH maintain support between $1,550 and $1,600. For a bullish outcome, Ted is watching for a breakout and close above $1,670, which could help in a rally toward $2,000.

Analyst Caesar used the term “will melt faces soon” to describe the potential upcoming ETH price movement. This is his analysis that the rally would catch many traders off guard and force those who had taken bearish positions to chase the market higher.

Such rallies can be particularly powerful as they force short-sellers to cover their positions (buy back ETH they had borrowed and sold). This also creates additional buying pressure.

The analysis comes at the backdrop of the US SEC’s decision to delay the Grayscale Ethereum Spot ETF Staking Proposal.