Below is the updated analysis of Ethereum (ETH) as of April 15, 2025:
Ethereum (ETH)
$1,634.48
+$19.51(+1.21%) Today
📉 Current Price Situation
Current Price: $1,634.48
24-hour Change: Slight increase of 0.012%
Daily Trading Range: From $1,614.72 to $1,684.74
Compared to the recent peak of $3,900 earlier this year, ETH has decreased by more than 60%, indicating significant weakness compared to Bitcoin and other major altcoins like Solana and BNB.
📊 Technical Analysis
Resistance: $1,640 and $1,680
Key Support: $1,600 and $1,575
RSI/Stochastic Indicators: Indicate that the downtrend still prevails.
Although ETH has recovered 18% from last week's low, it has not yet surpassed the important resistance level, leading many analysts to doubt the sustainability of the recovery.
📈 Outlook and Supporting Factors
ETF Staking: Proposals from Cboe, Fidelity, and NYSE regarding staking in the ETH ETF could increase demand and ETH prices if approved.
MVRV: ETH is undervalued, creating a long-term investment opportunity.
Market Sentiment: The Fear & Greed Index is at 31 (Fear), investors remain cautious.
Future Outlook
Short-term Prediction: If ETH maintains above $1,600, it is likely to recover to the $1,700 - $1,750 range.
Long-term Prediction: Some analysts expect ETH to reach $5,000 in 2025, based on factors such as growing demand, decreasing supply, and regulatory clarity.
Recommendation: Day Trading: Stay out, wait for ETH to surpass $1,700 or bounce strongly from $1,600 before entering.
Long-term: Gradually buy (DCA) around the $1,600–$1,500 range.
Cut losses if it breaks below $1,500.
This is based on the sources I have compiled, hoping it will help everyone 😅
