$ETH

Ethereum Short Analysis – April 24, 2025

Ethereum is trading around $1,804 after a strong rebound of over 10% in the last 24 hours. It recently broke out of a consolidation phase between $1,500 and $1,600.

Key Levels to Watch:

Immediate resistance: $1,824

Next resistance: $1,892

Major resistance: $2,025

Key supports: $1,623 – $1,490 – $1,422

Sentiment Check:

Technical indicators remain slightly bearish overall (18 bearish vs. 12 bullish signals)

Market mood shows 'Greed' with a high Fear & Greed Index score of 72

On-Chain Movements:

Whale activity increasing: a large investor recently borrowed over $34 million in USDT to buy nearly 20,000 ETH at an average price of $1,740

Same whale collateralized 50,000 WETH to borrow another $65 million, with a liquidation price around $1,549

Short-Term Outlook: If Ethereum holds above $1,800, the next push could break through $1,824 and target $1,892+. But if it drops below support, expect a possible retest near $1,623 or lower.