📊 $ETH Update – April 22, 2025

Ethereum is facing a crucial phase: after touching the resistance at $1,665, the price was rejected, currently settling around $1,628.

🔍 Technical Analysis:

• Key support: $1,600 – essential to maintain an uptrend.

• Next resistances: $1,680 and $1,720 – breaking them could open the way to $1,800 and beyond.

• Caution: A persistent rejection below $1,665 could indicate a return to recent lows. 

📈 Outlook:

If ETH manages to consolidate above $1,650 with significant volumes, we could see an acceleration towards $2,000.

📉 Risks:

The recent move of 1,000 ETH by the Ethereum Foundation to Kraken has raised concerns about potential selling pressure. 

📌 Conclusion:

The market is in a decision phase. Closely monitoring support and resistance levels will be crucial to anticipate the next moves of ETH.