#ETH
Ethereum (ETH) Technical Analysis – April 25, 2025
As of April 25, 2025, Ethereum (ETH) is trading around $1,775, showing resilience above the $1,700 support zone after a recent rally that pushed it briefly above $1,800.
Key Technical Indicators:
RSI (Relative Strength Index): Currently near 45, suggesting neutral momentum with potential for upside if bullish pressure builds.
Golden Cross: A bullish pattern has formed as the 50-day moving average has crossed above the 200-day MA – a classic long-term bullish signal.
Elliott Wave Outlook: ETH appears to be starting wave (3) of a bullish impulse, with a projected target around $2,478 using Fibonacci extension tools.
Support & Resistance Levels:
Support: $1,750 is the first major support, followed by $1,645. If ETH drops below $1,575, the bullish scenario may be invalidated.
Resistance: Immediate resistance sits at $1,800, with a stronger ceiling near $2,000. A breakout could open the way toward $2,478.
On-Chain Data & Market Sentiment:
Accumulation: Long-term holders accumulated over 1.11 million ETH this week, signaling growing confidence.
Wallet Activity: A 10% spike in active addresses hints at rising user engagement.
Investor Sentiment: The Ethereum Fear & Greed Index is at 63 (“Greed”), and ETH ETFs saw $63.5M in inflows on April 24, 2025.
Conclusion:
Ethereum is holding strong technically, with bullish indicators aligning across price action and on-chain data. As long as it remains above key support levels, a move toward $2,000 and beyond remains in play.