$ETH

📊 Ethereum (ETH) Technical Analysis – Current Situation

Currently, Ethereum (ETH) is trading around $1,850, up nearly 3% over the past 24 hours. However, since the beginning of 2025, ETH has dropped approximately 45%, reflecting a significant correction after the rally in 2024.

Technical Outlook

Short-Term Trend: ETH is attempting a recovery after a prolonged downtrend. The recent 3% gain suggests positive sentiment, but further confirmation is needed to establish a reversal.

Resistance and Support:

Immediate Resistance: $1,900 – breaking above this level could lead ETH toward $2,000.

Key Support: $1,700 – if breached, ETH may decline further.

RSI Indicator: Around neutral (~50), indicating an uncertain trend direction.

📰 Market Context and News

Bitcoin (BTC): Recently surged to $97,000, helping ETH gain some momentum.

Morgan Stanley: Planning to integrate crypto trading into E*Trade by 2026.

SoFi: Announced it will relaunch crypto investment services this year, following new regulatory guidance.

✅ Conclusion

Ethereum is showing signs of a mild recovery after a sharp decline earlier this year. A breakout above the $1,900 resistance would be a positive signal for a bullish trend. However, investors should closely monitor technical indicators and market news before making decisions.