Ethereum’s been having a rough time lately. It lost almost half its value in the first three months of 2025, dragged down with other altcoins after President Trump announced new trade tariffs. Even when those tariffs were lifted, Ethereum didn’t bounce back strongly, struggling to stay above $1600. This raises the question: has Ethereum hit rock bottom?
Is This the Bottom for ETH?
Crypto analyst Cryptollica thinks so. They pointed to the Mayer Multiple indicator, which compares an asset’s price to its 200-day moving average. A Mayer Multiple above 2.4 suggests a market is overheated, while a reading below 0.8 indicates it’s oversold and potentially at a bottom.
According to Cryptollica’s data, Ethereum’s Mayer Multiple recently dipped below 0.8. Interestingly, the last time this happened (in 2022), Ethereum rallied to over $4000. If history repeats, we could see another huge price jump – a potential 150%+ increase from the current price.
Current Ethereum Price and Outlook
Right now, Ethereum is trading around $1550, up only about 1% in the last 24 hours. While that’s a small positive, it’s still down almost 15% over the past week. So, while the Mayer Multiple suggests a potential bottom and a big rally, it’s still early days, and the overall picture remains uncertain.
