$ETH
Here is the technical analysis of Ethereum (ETH) as of April 22, 2025:
š Technical Analysis of ETH
Current Price: ETH is trading around $1,633.15, with intraday fluctuations between $1,558.18 and $1,636.07.
Key Support Level: There is strong support at $1,540, which has been tested multiple times and has successfully held back price declines.
EMA50 (Exponential Moving Average): ETH has successfully broken through EMA50, which previously acted as resistance, indicating potential short-term trend reversal.
RSI (Relative Strength Index): RSI shows positive signals after reaching the oversold area, indicating a possible price direction reversal.
Elliott Wave Analysis: Elliott Wave analysis indicates the potential formation of an impulsive wave that could drive ETH prices higher in the short term.
š Key Levels
Short-Term Resistance: If ETH breaks through $1,650, the next targets are $1,665 and $1,700.
Short-Term Support: A drop below $1,540 could open the potential decline towards $1,500 or lower.