On April 4, 2025, Ethereum (ETH) experienced its fourth consecutive month of price decline, as reported by Crypto Rover on Twitter (X). The price of ETH closed at $2,350 on March 31, 2025, marking a 12% drop from the end of February, which saw ETH at $2,670 (source: CoinMarketCap, March 31, 2025). This trend has been consistent since December 2024, with monthly closes at $2,900, $2,780, and $2,670 respectively (source: CoinMarketCap, December 31, 2024; January 31, 2025; February 28, 2025). The trading volume on March 31, 2025, was notably lower at 15.4 million ETH compared to 18.2 million ETH on February 28, 2025 (source: CoinGecko, March 31, 2025; February 28, 2025). This decline in volume indicates a potential waning interest in ETH, contributing to its sustained price drop.

The trading implications of this prolonged bearish trend for Ethereum are significant. On the ETH/BTC trading pair, ETH lost 5% of its value against Bitcoin, closing at 0.065 BTC on March 31, 2025, compared to 0.068 BTC at the end of February (source: Binance, March 31, 2025; February 28, 2025). This suggests a shift in investor preference towards Bitcoin. Additionally, the ETH/USDT pair saw a trading volume decrease from $12.5 billion on February 28, 2025, to $10.8 billion on March 31, 2025 (source: Kraken, March 31, 2025; February 28, 2025). The on-chain metrics further highlight this trend, with the number of active addresses dropping from 500,000 on February 28, 2025, to 450,000 on March 31, 2025 (source: Etherscan, March 31, 2025; February 28, 2025). This decline in active addresses and trading volume suggests a decrease in network activity and investor engagement.

Technical indicators for Ethereum as of March 31, 2025, show a bearish outlook. The Relative Strength Index (RSI) for ETH was at 35, indicating an oversold condition (source: TradingView, March 31, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover on March 25, 2025, with the MACD line crossing below the signal line (source: TradingView, March 25, 2025). The 50-day moving average for ETH was at $2,500, while the 200-day moving average stood at $2,750, further confirming the bearish trend (source: CoinMarketCap, March 31, 2025). The trading volume on the ETH/USDT pair on Binance was 1.2 million ETH on March 31, 2025, down from 1.5 million ETH on February 28, 2025 (source: Binance, March 31, 2025; February 28, 2025). These technical indicators and volume data suggest that Ethereum may continue to face downward pressure in the short term.

In terms of AI-related developments, there have been no direct announcements or news that would impact AI-related tokens specifically in relation to Ethereum's price movement. However, the general market sentiment influenced by AI developments can be observed through the performance of AI-focused cryptocurrencies like SingularityNET (AGIX) and Fetch.AI (FET). On March 31, 2025, AGIX closed at $0.45, down 8% from $0.49 at the end of February, while FET closed at $0.70, down 6% from $0.74 (source: CoinMarketCap, March 31, 2025; February 28, 2025). The correlation between these AI tokens and Ethereum's performance is evident, with both experiencing similar downward trends. This suggests that broader market sentiment, possibly influenced by AI developments, is affecting the crypto market as a whole. The trading volume for AGIX on March 31, 2025, was 2.5 million AGIX, down from 3.1 million AGIX on February 28, 2025, while FET's volume decreased from 1.8 million FET to 1.5 million FET over the same period (source: CoinGecko, March 31, 2025; February 28, 2025). This indicates a potential decrease in interest in AI-related tokens, mirroring the trend seen in Ethereum.