🔹#Ethereum is at a crossroads, wavering between a bullish breakout and a bearish decline. The price fluctuates above $1790 (at 12:01 PM EEST 24.04.2025), and key factors indicate a decisive moment.
🔹Bullish momentum or bearish resistance?
🔹Green light from #etf the inflow of funds into spot ETH ETFs after a long break has added optimism.
🔹Exchange inflow - a worrying bell? An increase in the number of $ETH on exchanges may indicate readiness to sell.
🔹The battle for the 50-day #SMA price tests an important resistance level, and bulls are targeting a breakout from the descending channel.
🔹Consolidation before a jump? ETH broke resistance at $1750 and is consolidating, preparing for an assault on $1840.
🔹Resistance fortress $1820 - $1840 is the main obstacle. A breakout opens the way to $1900 - $2000. The second line of defense for bears is $1880, followed by $1920 and $1950.
🔹The support line at $1780 is the nearest bastion for bulls. Key support is at $1740. Losing this level could result in a drop to $1700 or even $1665.
🔹#RSI: Above 50, bullish momentum is still present.
#MACD is losing strength: Potential weakening of the uptrend.
🔹The Stochastic RSI hints at a bounce from oversold conditions on smaller timeframes that may provoke buyers.
🔹Ethereum balances on the razor's edge. Watch closely for price reaction near key levels. A successful breakout above $1840 could spark a new wave of growth. A rebound from resistance is a signal for new sell-offs.
🔹Main vigilance and a cool mind!