The race continues 🤔🚀 and Ethereum is passing through technical and regulatory turns while the market is watching whether we will break resistance and soar ↖️⬆️ or find support at the low drops
Price movement and technical indicators currently 📉📈
Current price $1800 with a market cap of ~215 billion dollars (number 2 after Bitcoin) and daily trading volume: ~15 billion dollars (high activity)
Technical indicators
RSI≈48 Neutral Zone 🤷♂️ and MACD is attempting to form a 'positive crossover' after a selling pressure period, and Bollinger Bands price is in the middle far from the bounds. The 50-day SMA at $1820 (strong resistance) and the 200-day SMA at $1650 (medium-term support)
Important levels
🔴 Resistances 1800 ↖️ → 1820
🟢 Supports 1688 → 1650 Dollars
Fundamental indicators (On-chain) 🔗
Active addresses ~600,000 addresses/day (activity similar to peak levels) and number of transactions 1.2–1.5 million/day with average gas fees ~12 Gwei and total ETH locked ~12.5 million ETH ≈10% of supply with yields of 4–5% annually 👍 and Open Interest in futures ~5 billion dollars, 55% of which are buy contracts
Short-term forecasts 📅
Bullish scenario ⬆️ provided it holds above $1800 for two consecutive days, targeting with new liquidity (ETF)
Bearish scenario 📉 provided the breakout fails and breaks $1,688
⏳ Upcoming technological innovations 🔧
The Surge: Sharding to partition the network and increase TPS
The Verge & The Purge Optimizing the code and deleting old data
The Splurge Final touch turning the network completely green in energy consumption 🤌
Competition and Ethereum ⚔️
Coldware Instant transactions with microscopic fees
Solana: High TPS but less security
Cardano Academic design and smaller ecosystem
Layer-2 Arbitrum/Optimism 40% of transaction volume aiming to ease congestion
Opinions of famous experts 🧠
CryptoRover says the movement currently resembles March–April 2021 before the big surge. If the ETF is approved, a 3000% rise is expected.
Pintu Research suggests that with interest rate cuts and liquidity flow, Ethereum will attract massive investments post-Shapella.
Practical recommendations for every investor 📝
Swing Trader Centers division: 50% between $1700–$1750 50% HODL’er if it continues to buy under $1650 with DCA
Ethereum is currently at a turning point between short-term selling pressures and close and long-term upward opportunities. My continuous monitoring of resistance levels at $1800 and supports at $1650–$1600 will help you make data-driven and technical decisions. Set your stop-loss level, define your goals, and always keep regulatory and technical updates in mind. And this is of course just an analysis and opinion, not financial advice 😊👻
