$ETH Market Analysis – April 23, 2025

Current Price: $1,790.73

24H High / Low: $1,799.74 / $1,575.22

24H Change: +$212.18 (+13.44%)

🔍 Technical Indicators:

RSI (14): 72 – Overbought territory, indicating potential for a short-term pullback.

MACD: Strong bullish crossover, suggesting continued upward momentum.

Bollinger Bands: Price is touching the upper band, which may signal overextension.

📊 Key Levels:

Support: $1,750 / $1,700

Resistance: $1,800 / $1,850

📰 Market Insight:

Ethereum has experienced a significant rally, breaking through key resistance levels. The surge is attributed to increased DeFi activity and anticipation of upcoming network upgrades.

📌 Summary:

ETH's strong performance suggests bullish dominance. However, with RSI in overbought territory, traders should be cautious of potential short-term corrections. Monitoring support levels at $1,750 and $1,700 is crucial.

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