As of May 3, 2025, Ethereum ($ETH ) is trading at approximately $1,824.70 USDT, experiencing a slight decline of 0.32% in the past 24 hours.
📈 Technical Analysis for the Next 24 Hours
Trend Overview
Ethereum is currently in a bullish trend, trading above key moving averages:
20 EMA: $1,820
50 EMA: $1,789
100 EMA: $1,752
200 EMA: $1,774
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This alignment suggests a continuation of upward momentum in the short term.
Support and Resistance Levels
Immediate Support: $1,800
Primary Support: $1,785–$1,809 (Double Bottom pattern)
Resistance Levels: $1,860, $1,880, $1,900DoomDroom+21Binance+21TradingView+21TradingView
A breakout above $1,860 could lead to a rally towards $1,900. TradingView
Key Indicators
RSI (Relative Strength Index): Currently around 60, indicating rising momentum without being overbought.
MACD: Bullish crossover observed, supporting upward movement.
Bollinger Bands: Price is near the middle band, suggesting potential for volatility.Crypto News
🔍 Market Sentiment
Despite recent minor declines, the overall sentiment remains bullish, with institutional interest increasing.
📊 Short-Term Outlook
In the next 24 hours, Ethereum is expected to maintain a bullish bias, with potential for a pullback to the $1,800–$1,809 support zone. A successful bounce from this area could propel prices towards the $1,860–$1,900 resistance range.