In the first quarter of 2025, Ethereum (ETH) lost nearly half of its value and faced significant downward pressure. Despite the later cancellation of the trade tariffs announced by Donald Trump, the President of the United States, Ethereum struggled to maintain the $1,600 support level. Market analyst Cryptollica on social network X suggests that Ethereum may be nearing a turning point towards an uptrend based on the Mayer Multiple indicator. This indicator measures the ratio between an asset’s current price and its 200-day moving average to determine buying or selling saturation. With the Mayer Multiple recently dropping below 0.8 for Ethereum, it could indicate the start of a new upward trend. Notably, the last time Ethereum hit this range in 2022, its price surged above $4,000 significantly. If history repeats itself, Ethereum could experience over 150% growth in the coming months, returning to the $4,000 range. Currently, Ethereum is priced around $1,600 and has grown over 2.5% in the past 24 hours.
