Ethereum (ETH) has faced sustained bearish pressure in recent weeks, with its price struggling to gain upward momentum. Weak on-chain data and a lack of bullish sentiment have raised concerns among investors and analysts about the cryptocurrency's long-term trajectory.
However, in a surprising turnaround, Ethereum surged over 8% on March 19, reclaiming the crucial $2,000 level for the first time since March 10. The rally has brought optimism to the altcoin market, with broader gains seen across major cryptocurrencies.
Finbold AI Predicts Ethereum Price Target for April
Despite the prevailing cautious sentiment, Finbold's AI-powered prediction tool projects a potential bullish trajectory for Ethereum heading into early April.
The model forecasts an average price target of **$2,284.1**, marking a **20.82% increase** from the price at the time of prediction, which stood at $1,890.6.
Among the models, Claude 3 Opus presents the most optimistic scenario, setting a price target of $2,468.2, with a 30.55% gain. Interestingly, while it acknowledges bearish momentum, highlighted by the SMA50 crossing below the SMA200 (indicating a potential death cross), it anticipates a strong recovery, possibly driven by shifts in macroeconomic sentiment.
Meanwhile, GPT-4o offers a more conservative outlook, forecasting ETH to reach $2,100, with an 11.08% gain, while highlighting downward momentum from technical indicators. GPT-4o also warns of potential downside risks from looming interest rate hikes and a lack of major positive developments in the crypto space, keeping near-term optimism in check.
Overall, while the AI models indicate near-term bearish signals, the projected average price still points to substantial upside potential for Ethereum over the next two weeks, depending on broader market conditions and macroeconomic developments.
👉 Discover how Ethereum's upgrades could reshape its market value
Ethereum’s Broader Landscape
Beyond technicals, Ethereum’s broader landscape could heavily influence its next price shift.
Key Developments:
- Pectra Upgrade: Highly anticipated and recently live on Sepolia and Holesky testnets, this upgrade aims to enhance scalability, transaction speeds, and cost efficiency. After initial bugs, developers launched a third testnet (Hoodi), pushing the full rollout to late April.
- Institutional Interest: World Liberty Financial (WLFI), a decentralized finance platform, has significantly increased its ETH holdings (now at 7,166 ETH), signaling confidence in Ethereum's long-term value.
Technical Perspective:
Ethereum has entered its first week of recovery after three consecutive weeks of losses, finding support at the lower boundary of a year-long megaphone pattern. This setup mirrors the 2019-2020 consolidation, which led to a bullish breakout. Analysts now expect ETH to potentially test the 1.5 Fibonacci extension level near $6,000 before the cycle peaks later this year.
👉 Explore institutional strategies for Ethereum investments
FAQs
What is Ethereum’s predicted price for April 2025?
Finbold's AI models forecast an average price of $2,284.1 for Ethereum in early April, with potential gains ranging from 11.08% to 30.55%.
What factors could drive Ethereum’s price up?
Key drivers include:
- Successful implementation of the Pectra upgrade.
- Growing institutional adoption (e.g., WLFI's increased holdings).
- Positive shifts in macroeconomic sentiment.
What are the risks to Ethereum’s price?
Downside risks include:
- Interest rate hikes dampening crypto demand.
- Technical bearish signals like the death cross pattern.
- Delays or issues with Ethereum’s upgrades.
How does the megaphone pattern influence Ethereum’s outlook?
The pattern suggests a potential bullish breakout, similar to 2020. If historical trends repeat, ETH could target $6,000 later in the cycle.
Featured image via Shutterstock
### Notes:
- **Keywords Integrated**: Ethereum, ETH, price prediction, Pectra upgrade, institutional interest, megaphone pattern, Fibonacci extension.
- **Anchor Texts**: Added 2 engaging links to OKX.