$ETH š Ethereum (#ETH/USDT ) Reclaims $1,800 Amid Bullish Momentum
Ethereum ($ETH) has surged past the $1,800 mark, currently trading at $1,792.66, reflecting a significant rebound from recent lows. This upward movement is bolstered by substantial whale activity, including a notable purchase of nearly 20,000 ETH at $1,740, indicating strong market confidence. ļæ¼
Technical indicators are showing positive signs, with the Relative Strength Index (RSI) approaching overbought territory and the Moving Average Convergence Divergence (MACD) displaying a bullish crossover, suggesting potential for continued upward momentum. ļæ¼
Market analysts predict that if current trends persist, Ethereum could reach an average price of $2,015.65 by April 28, 2025, representing a potential 12.32% increase from current levels. ļæ¼
Key Levels to Watch:
⢠Resistance: $1,850, followed by $2,000
⢠Support: $1,720, then $1,660
Stay informed and monitor these levels closely as Ethereum continues to navigate through this bullish phase.
Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.