$ETH

Brief Technical Analysis of Ethereum (ETH) – Dated April 11, 2025

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Current Price: Approximately $1,557.50

Overall Trend: The price is fluctuating within the demand zone between $1,700–$1,800, with strong resistance at $1,800.

Nearby Supports:

$1,550

$1,500

Upcoming Resistances:

$1,600

$1,700

Technical Indicators:

The Relative Strength Index (RSI) indicates a decline in buying power, suggesting that the currency has entered an oversold area.

The MACD indicator shows a negative crossover, increasing the likelihood of continued decline in the coming days.

Recommendation:

Monitor the support level at $1,550; breaking it may indicate a deeper correction.

A breakout above $1,600 may open the way to reach $1,700.