Amid market uncertainty, Cardano (ADA) has been consolidating in a tight range over the past few days near a crucial level, creating a make-or-break situation. For the past 11 days, ADA has been fluctuating between $0.70 and $0.74, now testing the lower boundary of this range.
ADA’s Current Price Momentum
Besides this consolidation, ADA’s current price is also supported by an ascending trendline that has been intact since the beginning of March 2025. The asset is currently trading near $0.71 and has registered a modest price surge of over 0.50% in the past 24 hours.
Cardano (ADA) Technical Analysis and Key Levels
According to expert technical analysis, ADA is already forming a symmetrical triangle pattern alongside its ongoing consolidation. If the asset breaks out of this pattern and closes a four-hour candle above the $0.74 level, there is a strong possibility it could breach the consolidation and surge by 15% to reach the $0.85 mark.
Source: Trading View
As of now, the asset holds the potential to rise by 3%, meaning it could easily reach the $0.736 level. This prediction applies to a lower time frame. However, on a higher time frame, ADA’s daily chart suggests that a major rally will only begin once the asset closes a daily candle above the $0.85 level.
With the ongoing bearish market sentiment and an unclear pattern, traders and investors seem to be participating less in ADA, resulting in a record drop in trading volume, as reported by the on-chain analytics firm Santiment.
Source: Santiment
Data reveals that the asset’s trading volume is at its lowest since the beginning of 2025. Moreover, in the past 24 hours, the volume has dropped further by 15%.
The leading altcoin, Ethereum, experienced a challenging month in March, marked by a series of bearish trends that reflected a broader market slowdown.
However, as the market begins to show signs of recovery, the key question for April remains: Can Ethereum regain its bullish momentum?
Ethereum’s March Woes: Price Crash, Activity Slump, and Growing Supply Pressure
On March 11, Ethereum plummeted to a two-year low of $1,759. This prompted traders to “buy the dip,” triggering a rally to $2,104 by March 24.
However, market participants resumed profit-taking, causing the coin’s price to fall sharply for the rest of the month. On March 31, ETH closed below the critical $2,000 price level at $1,822.
Amid ETH’s price troubles, the Ethereum network also experienced a severe decline in activity in March. Per Artemis, the daily count of active addresses that completed at least one ETH transaction fell by 20% in March.
As a result, the network’s monthly transaction count also plummeted. Totaling 1.06 million during the 31-day period in review, the number of transactions completed on Ethereum fell by 21% in March.
Generally, as more users transact and engage with Ethereum, the burn rate (a measure of ETH tokens permanently removed from circulation) increases, contributing to Ether’s deflationary supply dynamic. However, when user activity drops, ETH’s burn rate reduces, leaving many coins in circulation and adding to its circulating supply.
This was the case for ETH in March when it saw a spike in its circulating supply. According to data from Ultrasound Money, 74,322.37 coins have been added to ETH’s circulating supply in the past 30 days.
Usually, when an asset’s supply spikes like this without a corresponding demand to absorb it, it increases the downward pressure on its price. This puts ETH at risk of extending its decline in April.
What’s Next for Ethereum? Expert Says Inflation May Not Be a Major Concern
In an exclusive interview with BeInCrypto, Gabriel Halm, a Research Analyst at IntoTheBlock, noted that ETH’s current inflationary trends “may not be a major red flag” to watch out for in April.
Halm said:
“Even though Ethereum’s supply has recently stopped being deflationary, its annualized inflation rate is still only 0.73% over the last month, which is still dramatically lower than pre-Merge levels and lower than that of Bitcoin. For investors, this moderate level of inflation may not be a major red flag, provided that network usage, developer activity, and institutional adoption remain robust.”
Moreover, regarding whether Ethereum’s declining network activity has played a significant role in its recent price struggles, Halm suggested that its impact may be overstated.
“Historically, from September 2022 to early 2024, Ethereum’s supply remained deflationary, yet the ETH/BTC pair still trended lower. This suggests that macroeconomic and broader market forces can play a far more significant role than token supply changes alone.”
ETH/BTC Market Cap Comparison. Source: IntoTheBlock
On what ETH holders should anticipate this month, Halm said:
“Ultimately, whether Ethereum dips or rallies in April will likely depend more on market sentiment and macro trends than on its short-term supply dynamics. Still, it’s essential to keep an eye on network developments that could spur renewed activity and reinforce ETH’s leading position in the broader crypto landscape.”
The crypto market is still facing capitulation as most digital currencies are reversing the selloffs registered in the past week. The price of Bitcoin (BTC) remains in the spotlight as the combined crypto market capitalization jumped 2.44% to $2.76 trillion. With sellers quietly exiting the market, whether the underlying factors can sustain the current outlook remains unknown.
Crypto Market Rebound, Here’s The Trigger
Uncertainty has defined the trajectory of the most assets thus far this month as top coins dropped to their lowest levels this year. While Bitcoin’s price has shown strength, it fell to a low of $76,624.24 before reclaiming the $80,000 mark according to CoinMarketCap data.
Altcoins like Ethereum (ETH) and Solana (SOL) also dropped to new multi-week lows earlier in the month. While Ethereum fell to a monthly low of $1,760.94, Solana bears dragged the coin down to a $113 low. As it stands, BTC and altcoins have bounced off key support, which was formed at their respective monthly lows.
Since the Digital Asset Summit earlier in the week, the crypto market has not witnessed any bearish negative news. Rather, investors are digesting the Trump promise of stablecoin legislation from Congress and a BTC reserve confirmation.
On the macroeconomic level, mainstream media updates regarding the tariff war have toned down, giving the stock market room to recover.
More Selloff Ahead for Bitcoin Price?
At the time of writing, the BTC price had changed hands for $84,295.18, up 2.4% in 24 hours. The coin has pared off the losses incurred in the past week. However, the BTC price still maintains its 30-day loss of 14.27%.
At the moment, shorter-term headwinds in the market are cleared, with ETF investors returning to the scene. Per an earlier CoinGape report, spot Bitcoin ETFs scored an inflow of $785 million after a tumultuous 7-day trend.
Unlike a typical weekend in the industry known for its volatility, BTC prices show stability. Should the positive regulatory shift continue, Bitcoin might turn the $84,000 level into sustainable support.
Where is the Crypto Market Heading?
The current bullish outlook also extends to other altcoins. Per an earlier Solana price analysis, the prospect of a $1000 breakout was explored as the coin formed a parabolic base.
XRP is also in the spotlight following the Ripple and SEC lawsuit resolution, which has carved a positive growth path for it. While most analysts have different price projections for top coins, including Cardano and Dogecoin, the visible outlook shows a tempered selloff for now.
Top Economist and acclaimed Bitcoin critic Peter Schiff has shared his perspective concerning the ongoing tariff war between the United States and China. His commentary comes as the Trump administration prepares to implement a steep 104% tariff on Chinese goods.
Peter Schiff on US and China Trade War
In his recent X post, Schiff warned that China holds significant power over the United States and does not need to respond with tariffs to cause economic damage.
According to him, China can deliver a financial blow by using its position as America’s largest supplier and major creditor. He explained that China could sell off US Treasury bonds instead of matching tariffs, leading to a spike in interest rates.
He also suggested that China could weaken the US economy further by shifting its goods inward. This way, the Asian giant will allow Chinese citizens to consume what is currently being exported to the US. Peter Schiff hinted that the strategy would leave American consumers without affordable goods and the credit system strained. Schiff believes such a move would crush the fragile, debt-reliant US economy.
His comments underline growing fears that this trade war if left unchecked, could have far-reaching consequences for the wider economy. Schiff released this update after Trump threatened an additional 50% tariff on China, a move the latter calls intimidation.
Overall, caution is necessary when inflation and borrowing costs are already major concerns.
The China Advantage in the US Trade War
While the US reciprocal tariff on Chinese imports is already in effect, China retaliated with a 34% hike, fueling uncertainty for Bitcoin, Ethereum, and XRP. The Peter Schiff comment suggested that China may be better positioned in a battle for economic strength.
China maintains more internal production and savings than the US, which depends heavily on imports and debt.
Analysts have observed that if China aggressively offloads US bonds or pulls back on supplying goods, it could pressure the dollar and impact credit availability. Schiff advocates the US to take more tempered action to prevent such a move.
Crypto Market Outlook: What to Expect
It is important to add that the tariff tension between the two countries also affects the digital asset market. As reported by CoinGape, the US-China trade war fuels crypto downside risks as Bitcoin dropped below $77,000 following the reciprocal tariff updates. Even though it bounced back slightly, some experts think the recovery may not last.
The second-largest cryptocurrency, Ethereum, has also seen a price decline, falling under $1,500, and XRP is struggling.
In line with recent uncertainties, there has been a sharp rise in crypto liquidations, with traders losing money. With warning signs showing up across the market, some believe things could get even worse in the coming days.
