Technical Analysis of Ethereum (ETH) – Dated April 20, 2025
Current Price: $1,611.95
Overall Trend: The market is leaning bearish, with negative indicators in the short term.
Support Levels:
$1,584.17
$1,547.35
$1,497.10
Resistance Levels:
$1,671.24
$1,721.49
$1,758.31
RSI Indicator: In the oversold range, no confirmed reversal signals.
MACD Indicator: Negative crossover supports continued selling pressure.
Forecast:
If the price breaks $1,584.17, it may drop to levels of $1,547 then $1,497.
However, if the price breaks $1,671.24, we may see a rise towards $1,721 or higher.
Note: The market is highly volatile, trading cautiously and following news and economic updates is advisable.
