Ether So Cheap?! 😲 Bulls About to Charge? 🐂

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Right, so the global trade wars are still at it, aren’t they? Like a couple of blokes arguing over a chipped teacup while the house is on fire. ☕ Gold‘s looking rather smug, mind you, probably polishing its monocle and thinking it’s ever so clever. All this institutional investor fandango and nation-state what-ho with the digital thingamajigs has made a proper dog’s breakfast of the 2024/2025 bull cycle. Honestly, it’s like herding cats, only the cats are made of money and prone to spontaneous combustion. 🔥

And then there’s Jerome Powell, bless his cotton socks, telling us the markets will wobble like a jelly on a trampoline. Apparently, the United States and China are having a bit of a tiff. Well, fancy that. 🙄

Ethereum Network Ready for Bullish Sentiment (Allegedly) 🤔

Now, listen to this. According to some market data from Santiment (whoever they are), Ethereum’s network fees have plummeted faster than a witch off a broomstick to a five-year low of about $0.168. 🧹 That’s practically giving it away! Apparently, Wednesday was the cheapest day for transactions since way back in 2020. Cor blimey!


Of course, Ethereum’s been having a bit of a dust-up with these newfangled layer one blockchains, spearheaded by that Solana (SOL) upstart. But fear not! Vitalik Buterin and his merry band of coders have been tinkering away like elves in a digital workshop, making sure Ethereum stays in the game. 🧝

Since 2021, the Ethereum network’s had more upgrades than a dodgy car. The London hard fork (EIP-1559), the Merge, the Dencun in 2024, and now the Pectra upgrade. It’s all terribly technical, but the gist of it is, Ethereum’s supposed to be easier to use. Supposedly. 🤷

Key Ether Price Targets to Monitor (Maybe) 🎯

After being stuck in a downward spiral since December 2024, Ethereum’s price might have hit the bottom. Or not. It’s crypto, who knows? According to crypto analyst Benjamin Cowen (another one we’ve never heard of), Ether’s price is doing a jig that’s similar to the 2020/2021 bull cycle. Fancy that. 💃

$1,528.50 is a key support level for #Ethereum, where 2.61 million addresses accumulated over 4.82 million $ETH, as shown by on-chain data from @intotheblock.

— Ali (@ali_charts) April 16, 2025

Santiment (them again!) reckons Ethereum’s got a sturdy support level around $1,528, where a load of addresses bought up a whole heap of Ether. Good for them. 💰

With Ethereum Open Futures (OI) sort of recovering, and Ether YTD doing a bit of a nosedive, there’s a chance it might bounce back to $2.1k. Maybe. Don’t bet your trousers on it. 👖

  • The Ethereum network has gradually improved in the past few years to remain competitive via its L2.
  • ETH price has yet to invalidate the multi-week falling trend experienced in Q1.

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2025-04-16 22:53