Ethereum price sees best weekly rally in 2025 amid derivatives inflows and macro risks
Ethereum posts 13.6% weekly gain but stalls below $1,830 resistance.
Ethereum price is experiencing its strongest weekly performance since early 2025, recording a 13.6% gain as of Saturday, April 26.
The rally pushed Ethereum to a three-week high of $1,830 earlier in the week, a level not seen since late March. However, since touching $1,830, Ethereum’s upward momentum has stalled. For the past three days, daily price ranges have been contained above the $1,760 support level, indicating a consolidation phase rather than a clear continuation.
Technical indicators reflect a market still favouring the bulls. Both the daily and 4-hour RSI readings are in bullish territory, supporting the view that momentum could still carry Ethereum higher. Yet, price action suggests Ethereum may be trapped in a tight range for now. The 50-day moving average at $1,870 is acting as immediate resistance, while the 20-day moving average at $1,700 offers nearby support. A breakout beyond either of these moving averages would likely set the tone for Ethereum’s next major move.
Heightened U.S. political uncertainty and speculative flow add risk to Ethereum’s outlook
Currently trading near $1,800 in the European session after opening at $1,785, Ethereum still lingers below this week’s high. While the short-term picture has brightened, it is important to note that Ethereum’s price is still approximately 63% below its all-time high of $4,878 reached in 2021, reflecting the broader bearish structure that has dominated since late 2021.
ETH price dynamics (Jan 2025 - April 2025). Source: TradingView
Beyond technicals, structural warning signs are emerging. Recent on-chain data shows a notable rise in ETH sent to derivative exchanges — a trend often associated with speculative trading rather than genuine spot demand. This increase in speculative positioning, combined with heightened political uncertainty in the U.S., injects a layer of risk into Ethereum’s short-term outlook.
In summary, Ethereum bulls are watching for a breakout above the $1,870 resistance to extend gains, but macro risks and growing speculative activity suggest that any advance could be vulnerable to a swift reversal if sentiment shifts.
Justin Sun predicted Ethereum could hit $5,000 by July 2025 as it nears its 10-year anniversary. Ethereum traded around $1,789, needing a 200% rally to meet the forecast.
