#MarketRebound

Technical Analysis of Ethereum – Wednesday, April 23, 2025

ETH is experiencing a strong rise and breaking through the resistance level of $1,700!

The current price is $1,816 with a clear buying momentum. Here’s what you need to know:

Trend:

Clearly bullish after breaking the double bottom pattern.

Supports:

• $1,720 (Strong support from the breakout)

• $1,650 (Previous bottom)

Upcoming resistances:

• $1,850

• $1,920

• Psychological target: $2,000

Technical indicators:

• RSI: at 69 → Near overbought conditions

• MACD: Positive crossover → Strong momentum

• 50 and 200 moving averages: Price above them → Supports continued rise

Advice:

Watch the level of $1,850 – if it breaks through consistently, we may see a new upward wave