#BinanceSafetyInsights

As of April 16, 2025, Ethereum (ETH) is trading at approximately $1,587.82, marking a 2.08% decline from the previous day. The price has fluctuated between an intraday high of $1,601.95 and a low of $1,555.

Technical indicators suggest a bearish trend, with ETH trading below both the $1,625 mark and the 100-hour Simple Moving Average.

The Relative Strength Index (RSI) stands at 42, indicating that the asset is not oversold but could be nearing a potential reversal point.

Despite the recent price dip, Ethereum continues to demonstrate resilience in the decentralized application (DApp) space, generating over $1 billion in fee revenue during Q1 2025. Investors should monitor key support levels around $1,550 and resistance near $1,625, adjusting strategies accordingly in this dynamic environment.