$ETH
As of April 19, 2025, Ethereum (ETH) is trading at approximately $1,607.60, reflecting a modest intraday gain of 1.19%.
Technical Overview
Market Sentiment: Currently, the market sentiment for Ethereum is predominantly bearish, with 89% of indicators signaling a downtrend. The Fear & Greed Index stands at 38, indicating a state of "Fear" among investors
Support & Resistance Levels:
Support: Key support levels are identified at $2,800, $2,200, and a long-term trend line at $1,500
Resistance:
Resistance levels are noted at $4,000, $4,800, and $5,500
Technical Indicators:
Ethereum is trading near its lower Bollinger Band, around $1,778, suggesting it may be in or approaching an oversold condition
Price Forecast Scenarios
Bullish Scenario (55% Probability): If Ethereum breaks through the $4,000 resistance level with increased volume, it could target short-term prices between $4,800 and $5,200, medium-term prices between $6,500 and $7,500, and long-term prices up to
Bearish Scenario (20% Probability):
Failure to surpass the $4,000 resistance could lead to a decline towards support levels at $2,800-$3,000 in the short term, $2,200-$2,400 in the medium term, with a potential recovery to $3,500-$4,000 in the long term
Neutral Scenario (25% Probability): Ethereum may consolidate within a range of $3,200 to $4,200 as the market awaits clearer signals
