As of April 23, 2025, the price of Ethereum (ETH) is approximately $1,799.67, with a daily range between $1,576.86 and $1,811.18. Here is the latest technical analysis for ETH:

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🔍 Technical Indicators and Market Sentiment

• Relative Strength Index (RSI): The current RSI is around 37, nearing the oversold area, indicating a potential rebound opportunity.

• Stochastic: The weekly chart shows the Stochastic indicator in an oversold state, supporting the possibility of a price rebound to $2,000 in the short term.

• Market Sentiment: Currently, market sentiment is leaning bearish, with the Fear and Greed Index at 39 (Fear), but it may also provide potential momentum for a rebound.

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📈 Support and Resistance Levels

• Major Support Levels: $1,522, $1,476, and $1,445.

• Major Resistance Levels: $1,600, $1,631, and $1,677.

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📊 Trends and Future Outlook

ETH has shown a downward trend over the past four months, dropping nearly 65% from a high of $4,107 to a low of $1,411.

However, the recent price has rebounded approximately 20% from the lows, reaching $1,691, indicating that a bottom may have been reached.

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✅ Investment Advice

• Short-term Strategy: Consider establishing a long position around $1,500, with a target price of $1,800 to $2,000.

• Medium-term Strategy: If the price breaks above $2,000, the next target may be $2,100.

• Risk Control: If the price falls below $1,400, it is advisable to implement a stop-loss to manage risk.

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Please note that the above analysis is for reference only, and you should conduct detailed research or consult with a professional advisor before investing.