Ethereum's recent death cross signal has drawn attention, suggesting we may be approaching a critical turning point. According to analysis, if historical patterns hold, the bottom should be imminent, with an estimated timing around April 28th, and that time has already passed.

From a technical perspective, the 50-day moving average has crossed below the 200-day moving average, forming the death cross. Although this is often seen as a bearish signal, in many cycles it actually indicates the late stage of a downtrend—that is, selling pressure is beginning to weaken, and long-term buyers are preparing to enter. Analyst Sykodelic mentioned that if the market hasn't fully bottomed out yet, there is likely only 2-3% of adjustment left, meaning most of the downside has already been completed.

ETH is currently struggling near the key resistance level of $2,300, unable to break through effectively. The price has bounced multiple times but failed to stabilize, indicating that bullish momentum is still insufficient. The most important support below is the $2,150 zone, which combines strong horizontal support with the 20-day moving average. If this level is broken, it could trigger further decline; if held, it may lay the foundation for a rebound.

From historical patterns, Ethereum typically bottoms out shortly after or during the appearance of a death cross, with only rare cases taking longer. Given the current relatively weak market expansion, this time may be no different. As downside space becomes limited, market focus is shifting from panic selling to strategic accumulation, which is often a typical signal of a bottom area.