$ETH demonstrates confident recovery: over the last day, the price increased by 10%, reaching $1,800. This occurred against the backdrop of a general rise in the cryptocurrency market and a decrease in short positions on CME, which alleviated some pressure on ETH.
However, despite the current increase, ETH is still trading 11% below the projected level of $2,015 by April 28. Technical indicators indicate a persistent bearish sentiment, and the fear and greed index is in the "greed" zone with a score of 72.
📊 Key levels:
Support: $1,623
Resistance: $1,825
📈 A breakout above $1,825 could open the way to $1,900 and above, but caution is advised due to potential market fluctuations.