$ETH Recently, the cryptocurrency market has become a bit more active, many people are paying attention to the dynamics of Ethereum, today we will talk about this.

First, let's take a look at the recent price fluctuations of Ethereum. Recently, the price of Ethereum has been fluctuating between 1688 - 1750 dollars. On April 23, it surpassed 1750 dollars, but in the short term, attention should be paid to the support level of 1688 dollars. If it manages to hold, the price may rise again to test 1830 dollars (the upper boundary of the Bollinger band on the weekly chart) and 1930 dollars (the 61.8% Fibonacci retracement level). However, on April 25, the options expiration for a decline at 1700 dollars ends, bearish forces may enter the market, so the price is likely to experience significant fluctuations. From a technical perspective, the MACD has formed a golden cross, and a formation of three red soldiers has appeared, indicating a bullish trend. However, the RSI has entered the overbought zone, and the KDJ has also formed a dead cross, which again suggests a possible correction, the battle between bulls and bears is very fierce.

Let's talk about the Pectra update, which will begin on April 25, this is a critically important variable factor in the short term.