Ethereum Price Resists Drop to $1,300: Expert Analysis Shows Resilience

Ethereum prices experienced a recent surge of 16%, rebounding to roughly $1,750 despite early April volatility. While some market predictions point to a potential drop to $1,300, expert analysis suggests that this is unlikely. Several factors contribute to Ethereum’s resilience: whales are strategically buying ETH dips, indicating stability; and the DeFi ecosystem remains active, underpinning its network value. 130,000 ETH added by major wallets underscores investor confidence. However, competition remains strong with Solana’s TVL briefly surpassing Ethereum. Market participants will be closely watching for further developments in network activity.