$ETH

Current price: Around $1,803 USD, with a recovery trend after surpassing $1,800. ​CoinLore+3FXStreet+3TradingView+3

Short-term projections:

ETH is expected to reach between $1,825 and $1,850 by the end of the week, as long as it maintains support above $1,780 and overcomes the Ichimoku Cloud resistance.

Other estimates place the price around $1,831 by May 13. ​CoinDCXCoinLore

Technical indicators:

RSI: At 73.94 on the daily chart, indicating overbought conditions, which could suggest a short-term correction.

Moving averages: ETH is trading above the 10 and 20-day EMAs, but below the 50, 100, and 200-day EMAs, reflecting a mixed trend. ​CoinLore

🧠 Market sentiment

The overall sentiment is mixed. While some institutional investors show optimism, with a high proportion of call options on ETH, the market in general remains cautious. Current odds indicate a 9% chance that ETH will exceed $2,300 by the end of May and a 21% chance that it will fall below $1,600. ​CoinDCX+2FXStreet+2TradingView+2

🔍 Conclusion

Ethereum could close the week between $1,825 and $1,850 if it maintains the current support and overcomes technical resistances. However, the overbought condition in the RSI and market caution suggest that investors should closely monitor key levels and be prepared for potential corrections.