Is Ethereum dead? This is the question that some crypto analysts have asked when ETH is struggling to recover from its significant correction of 2024. After falling more than 56% from the November heights, the Ethereum price level has become an important focus point for investors trying to determine what is coming thereafter.
Ethereum tracks behind Bitcoin and Solana
So far in 2025, Ethereums (Crypto: ETH) performance has settled behind it from other major crypto courses. While Bitcoin (Crypto: BTC) and Solana (Crypto: Sol) have made remarkable returns, Ethereum has struggled to gain traction. ETH has even dropped to its lowest levels towards Sol and BTC since 2020.
Cardano (Crypto: Ada) founder Charles Hoskinson has recently added fuel to the baissy fire. In a Youtube video, he claimed that Ethereum would not last another 15 years, pointing to the increase of faster and cheaper warehouse-2 networks as a base, arbitrum, optimism and polygon. These platforms have eaten into Ethereum’s user base by offering more efficient and affordable transactions.
Important network metrics tell another story
Despite skepticism, the Ethereum price level does not tell the whole story. Blockchain data suggests that Ethereum still has a solid foundation. Its decentralized exchanges (DEX) processed over $ 57 billion in trade volume in the last 30 days and only after Solana’s $ 61.3 billion.
Ethereum also leads in total value -lined (TVL), with an astonishing $ 107 billion, which gives it 57% market share in decentralized financing (Defi). In addition, Ethereum has the largest market for Stablecoin, a total of $ 124 billion – about 51% of the market.
Non -fungible token (NFT) activity also remains strong at Ethereum, and its long -term holders seem unclear of the latest prices. Data from Santiment shows that ETH now has over 144.8 million holders, up from 130 million just a few months ago. The average dollar invested age (MDIA), now at 658 days, reflects strong conviction among older holders who do not rush to sell.
Ethereum Technical Analysis: What to look at now
From a survey perspective, ETH has shown signs of recovery. After the bottom close to $ 1,383 earlier this month, Ethereum price level has risen to $ 1,787 – its highest since the beginning of April.
It is important that ETH has broken over the upper trend line for a falling channel that began in November. It has also crossed the 25-day sliding average and seems to form a haus-like flag pattern-a signal that often precedes additional gains.
The fantastic oscillator, a technical momentum indicator, is approaching the zero line. A break over this threshold has historically signaled Hausseartat Momentum. Last time this happened, Ethereum rose over 40%.
The most critical Ethereum price level to monitor right now is $ 2,150. This was an important support zone in August and September 2024, and it now represents a crucial resistance level. A clean pause over $ 2,50 can set the scene for a rally against $ 3,000.
Risks of rejection in case of key resistance
But if Ethereum fails to break over $ 2,150, it can trigger a baissed pattern called a break-and-retest. This would indicate that the latest rally loses steam and can lead to further disadvantage – possibly back to $ 1,600 level or lower.
The market is at a crossroads and upcoming development in the broader cryptos sector – especially Bitcoin’s (Crypto: BTC) path and macroeconomic factors – could affect Ethereum next move.
Final thoughts: Is Ethereum really dead?
Despite concern, the information suggests that Ethereum is very alive. Network usage remains strong, the investors’ trust is intact and technical shows the potential of a breakout. Whether ETH will test its high or sink depends strongly on whether it can hold over or break through the $ 2,150 Ethereum price level.
For now, Ethereum Holds its land – and possibly sets for its next big move 2025.
Picture: Freepik
