$ETH

As of April 16, 2025, Ethereum (ETH) is trading at approximately $1,568.69 USD, reflecting a slight decrease of 0.046% from the previous close. Today's trading has seen a high of $1,652.49 and a low of $1,563.13.

Technical analysis suggests that Ethereum is currently in a bearish trend, with the price declining in its latest intraday trading. The Relative Strength Index (RSI) indicators are showing negative signals, indicating that the price has reached support after its recent decline. This could be a final attempt to gain positive momentum that might help it rise again and continue a short-term bullish correctional wave.

Looking ahead, some forecasts suggest that Ethereum may attempt a bullish correction, testing resistance near the $1,705 level. However, if it fails to break through this resistance, a downward rebound could occur, potentially leading to a decline below the $1,405 level.

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