The post Ethereum Price Poised to Skyrocket—Key Catalysts Revealed appeared on BitcoinEthereumNews.com.

After weeks of drawdown, the price of Ethereum is now on track for a possible rebound. Key network trends and upgrades serve as a catalyst to drive price boosts. Ethereum (ETH), the second-biggest cryptocurrency by market cap, saw its worst quarterly price performance in Q1 2025. The altcoin faced persistent bear dominance during the quarter, fueled by macroeconomic events.  However, this new week brought good news for Ethereum investors, as key catalysts suggest the altcoin is primed for a major rally. ETH Prepares for Rally Earlier this month, the price of ETH dropped to its lowest in years, to $1,400. Additionally, ETH fell against Bitcoin to its lowest in years, indicating underlying performance issues. Analysts, however, attributed this fall to investors’ bearish sentiments and the overall crypto market crash. For now, the selling sentiments are not yet over. Still, a buy signal has formed in the ETH price chart, presenting the possibility of a rebound. Popular onchain analyst Ali Martinez has commented on Ethereum’s potential. Martinez posted a chart on X, showing the TD sequential indicator is presenting Setup 9 on the Ethereum weekly chart. This is usually an indicator of trend reversal. On previous occasions, the “9” marked the end of the bearish trend and presented buying opportunities.  Ethereum Price. Source: Ali Charts on X Moreover, the candle is small, indicating dwindling selling pressure and traders’ rising buying interest. In addition, a smooth uptrend can form as no major resistance near the chart exists. At press time, ETH was priced at $1,643, up 2.43% in the last 24 hours. The daily increase has helped ignite a 5.3% weekly surge in ETH, with a market cap of $198 billion. Meanwhile, Ethereum has formed a symmetrical triangle, indicating the possibility of either an uptrend or a downtrend. If the price moves…

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Filed under: News - @ April 15, 2025 10:27 pm