$ETH
As of February 20, 2025, the price of Ethereum (ETH) is trading at approximately $2768.94. The currency has seen a slight increase of $41.13 (around 0.015%) compared to the previous closing price.
Technically, Ethereum faces a pivotal resistance at the level of $2764.75. Breaking this level could indicate further upward movement towards higher resistance levels, such as $3102 and $3180. On the other hand, there is strong support at the level of $2638; breaking this support could lead to further decline towards $2500.
The Stochastic Indicator shows negative signals, which may indicate the likelihood of a short-term downward correction. However, continuing to trade above the mentioned support level may maintain the overall upward trend.
Please note that cryptocurrency markets are characterized by high volatility, and technical analyses are subject to change based on market developments. It is always advisable to conduct independent research and consult experts before making investment decisions.