Comprehensive Analysis of Ethereum (ETH)

First: Fundamental Analysis

What is Ethereum?

Ethereum is an open-source decentralized blockchain network that supports smart contracts. It was created by Vitalik Buterin in 2015. Ethereum aims not only to be a currency but also a platform for building decentralized applications (dApps).

Its main uses include:

Running decentralized applications.

Supporting decentralized finance (DeFi) operations.

Creating and trading non-fungible tokens (NFTs).

Executing smart contracts without human intervention.

Recent developments:

The launch of the "The Merge" update in 2022, which transitioned the network from a proof-of-work (PoW) system to a proof-of-stake (PoS) system, reducing energy consumption by over 99%.

Currently, work is underway to develop new updates such as Proto-Danksharding (to facilitate network expansion and lower gas fees).

Advantages of Ethereum:

A strong, secure, and time-tested network.

The largest developer community among crypto projects.

Strong support from major financial and tech institutions.

Challenges facing Ethereum:

High transaction fees at times.

Strong competition from alternative networks like Solana, Avalanche, and Polygon.

The necessity to improve transaction speeds with increasing demand.

Second: Technical Analysis (Overview until April 2025)

Moving averages (MA 50 and MA 200) indicate a medium-term upward trend.

The Relative Strength Index (RSI) fluctuates between 45 – 55, indicating a state of relative balance (neither overbought nor oversold).