Ethereum Price Prediction: Examining Bullish and Bearish Scenarios After Recent Correction

Ethereum’s price has experienced a significant drop in April, falling below $1900 to test support around the $1778 level based on its Bollinger Band. While RSI is nearing oversold territory at 37%, MACD indicators show weak momentum and lack strong reversal signals. Analyst Crypto Caesar anticipates crucial support between $1600-$1700 for potential bullish rebound. Despite a recent 18% price decline in the past month, Ethereum has shown a modest recovery attempt in the last 24 hours, climbing towards its current price of around $1,843. This suggests potential positive outlook for ETH price in April.