$ETH Technical Analysis
Current Resistance: The price is facing strong resistance at the level of $1,800. Breaking through this level may lead to a rise towards $2,000.
Near Support: The main support is located at $1,750. Breaking this level may lead to a decline towards $1,700.
Technical Indicators: Indicators such as MACD and RSI indicate positive momentum, supporting the likelihood of the upward trend continuing.
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🔧 Influencing Factors
Pectra Update: The Pectra update is expected to be launched on May 7, 2025, which includes improvements to network efficiency and scalability, potentially enhancing the value of ETH.
ETF Flows: Ethereum-related ETFs experienced outflows of $23.9 million on April 23, indicating caution among investors.
Network Activity: The Total Value Locked (TVL) in the Ethereum network rose by 42.5% in 2025, indicating growth in the use of decentralized applications.
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🔮 Future Predictions
Short-term (April - May 2025): If the $1,800 level is firmly broken, the price may rise towards $2,000.
Medium-term (End of 2025): Predictions range from $2,500 to $5,000, depending on network adoption and regulatory developments.
Long-term (2026 - 2030): Some predictions indicate the price could reach $10,000 or more, driven by increased institutional adoption and network developments.
