As of April 16, 2025, Ethereum (ETH) is trading at approximately $1,582.79, reflecting a 2.85% decline from the previous close.
Recent technical indicators suggest a bearish outlook for ETH. The Relative Strength Index (RSI) stands at 42.6, indicating neutral conditions, with momentum oscillators like the MACD showing bearish signals. Additionally, the 50-day simple moving average (SMA) is below the 200-day SMA, a pattern known as a "death cross," which often precedes further declines.
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