Here is a comprehensive analysis of Ethereum (ETH) for this week, with a look at future predictions and some surprises!
🔍 Ethereum Price Analysis for This Week
In the first week of May 2025, the price of Ethereum ranges between $2,150 and $2,350, indicating a phase of accumulation and stability after previous fluctuations.
📊 Technical Indicators
Moving Averages: The 50-day moving average shows slight downward pressure, while the 200-day moving average remains distant, indicating a neutral long-term outlook.
Relative Strength Index (RSI): It ranges between 29 and 35, suggesting an oversold condition that may attract buyers looking for entry opportunities.
Inverse Head and Shoulders Pattern: This bullish pattern is forming on the weekly chart, which could indicate a positive trend reversal.
📈 Support and Resistance Levels
Support: Ranges between $2,150 and $2,350.
Resistance: Located at $2,745. Breaking this level could lead to new highs.
