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ETH

Technical Analysis of Ethereum – Wednesday, April 23, 2025

The ETH currency is experiencing a strong rise and has broken the resistance level of 1,700 dollars!

The price is now at 1,816 dollars with a clear buying momentum. Here are the key points to know:

Trend:

Clearly bullish after breaking a double bottom pattern.

Supports:

• 1,720 dollars (strong support from the breakout)

• 1,650 dollars (previous low)

Upcoming resistances:

• 1,850 dollars

• 1,920 dollars

• Psychological target: 2,000 dollars

Technical indicators:

• RSI: at 69 → close to overbought

• MACD: positive crossover → strong momentum

• 50 and 200 moving averages: the price is above → supports the continuation of the rise

Advice:

Watch the level of 1,850 – if it is broken steadily, we could see a new wave of increase.