#SolanaSurge

Ethereum (ETH) Analysis – Friday, March 28, 2025

Current Price:

Ethereum is currently trading at $1,579.01, down 1.52% from the previous close.

Today's High: $1,613.75

Today's Low: $1,569.69

Technical Analysis:

General Trend: The overall trend is bearish, as the price is trading below the 50-period moving average, indicating weak upward momentum.

Support Levels: $1,800 – A potential key support level to halt the decline.

Resistance Levels: $2,120 – A strong resistance level from which the price recently rebounded.

Fundamental Analysis:

Investment Flows: ETH funds experienced outflows of $307 million over the past two weeks, reflecting investor caution.

Network Revenue: Decreased from $2.5 million to $605,000 in two weeks, raising concerns about network activity.

Technical Updates: Development of Ethereum's infrastructure continues, focusing on improving scalability and security, which may support its long-term adoption.

Future Forecast:

If the price maintains support at $1,800, we may see a rebound towards resistance at $2,120. However, if support is broken, the price may drop to lower levels.

Summary:

Ethereum is in a technical correction phase with clear investment pressures. Investors are advised to monitor technical levels and global news to make informed decisions.