📈 Current Price
Current Price: $4,661.44
Daily Change: +6.07%
Highest Price of the Day: $4,723.65
Lowest Price of the Day: $4,394.74
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🔍 Technical Analysis
Technical Levels:
Support: Around $4,400
Resistance: Around $4,700
Technical Indicators:
RSI: Indicates overbought levels, which may suggest a potential short-term correction.
MACD: Shows positive momentum, supporting the continuation of the upward trend.
EMA50 Indicator: The price is trading above it, indicating strength in the short-term upward trend.
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🧠 Fundamental Analysis
Institutional Developments: Ethereum has seen a significant influx of institutional investments, with an increase in the volume of exchange-traded funds (ETFs) related to Ethereum.
Legislation: The "Genius Act" has been passed, establishing a regulatory framework for stablecoins, which enhances the use of Ethereum in transactions.
Future Predictions: Some major financial institutions predict that the price of Ethereum will reach $7,500 by the end of 2025, with the potential to reach $25,000 by 2028.
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📌 Predictions
Bullish Scenario: If the price can break through the resistance level at $4,700, it may target higher levels up to $5,200.
Bearish Scenario: In the event of a correction, the price may find strong support at levels of $4,400 and $4,200.
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Note: All analyses mentioned are for informational purposes only and should not be considered investment recommendations. It is always advisable to conduct personal research and consult a financial advisor before making any investment decisions.
