ETH Analysis: April 29, 2025 Daily Chart
From a smaller time frame, Ethereum seems to be gaining strength. The current price has rebounded to around 1820, not far from the upper resistance zone of the consolidation area. Is a breakout trend about to begin?
In terms of movement:
The smaller time frame charts indicate a short-term strengthening. Pay attention to whether the upper resistance zone can be broken, and also watch the pressure at the 1850 high point. Could Ethereum's independent trend be coming? After breaking the consolidation area resistance, the next major resistance position will be at 1950, which formed multiple pressures in the previous wave. Let's see if it can break through and return to 2000 USD!
