Ethereum (ETH) begins to regain its strength, recording an astonishing rise of over 10% in just 24 hours! After a long correction wave, buying momentum returns strongly, and the market begins to outline a real rebound. Technical indicators agree on a potential upward trend, and we may witness upcoming breakouts towards higher levels.

The price is now below $2,000, which is considered a very attractive buying area compared to the previous peaks. For those waiting for the right moment to enter, this may be one of those moments traders talk about later!

Technical analysis for ETH/USDT – Update April 23, 2025

Current price: 1,810.85 USDT

24-hour increase percentage: +10.69%

Previous highest price: 3,744.83 USDT

Lowest recent low: 1,385.05 USDT

Technical Indicators:

RSI (Relative Strength Index) at 77.28: indicates that the price has entered the overbought area, reflecting strong buying momentum but suggests the possibility of a temporary correction.

Stochastic RSI at 96.16 and MAStoch RSI at 94.21: both are in overbought areas and reflect the continuation of upward momentum.

K, D, and J indicators also indicate a clear bullish crossover, supporting the continuation of positive movement.

Technical Outlook:

After a long drop from 3,744 to the low of 1,385, the price has returned to test the psychological resistance around 1,800 and succeeded in breaking through.

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Continuation of the upward movement may push the price to test levels of 2,305 then 2,824 if liquidity continues to flow into the market.

Currently, there are strong positive signals confirming the beginning of a #MarketRebound on the ETH/USDT pair.

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