Ethereum analysis can be divided into two sections: Fundamental Analysis and Technical Analysis. I will start with you on fundamental analysis and then add a technical overview based on the overall market situation.
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Firstly: Fundamental analysis of Ethereum
1. Market value and position
• Ethereum ranks second after Bitcoin in terms of market value, reflecting investor and developer confidence in it.
2. Technical developments
• Successfully transitioned to the Proof of Stake (PoS) system in The Merge update.
• Upcoming updates like 'Danksharding' and 'Proto-Danksharding' will enhance scalability and significantly reduce gas fees.
3. Institutional adoption
• Major companies have started using Ethereum in solutions such as smart contracts and NFTs.
• The number of active developers on the Ethereum network remains the highest among all blockchain networks.
4. Economic factors
• High gas fees remain a challenge, but layer two solutions are alleviating this.
• Supply has become 'contractionary' after the merge, meaning the number of coins may decrease over time.
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Secondly: Technical analysis (as of April 2025)
Note: Prices are constantly changing, so this analysis is based on recent trends.
1. General trend
• Ethereum has been moving in an upward channel since the beginning of 2025, but it faces strong resistance near $4000.
2. Support and resistance levels
• Strong support: $3200 – $3400.
• Next resistance: $4000 – $4200.
• If it breaks 4200 firmly, we may see a technical target at $4800.
3. Technical indicators
• RSI around 60: still in a safe zone, but approaching 70 may indicate overbought conditions.
• MACD is positive, supporting bullish prospects.
• Moving averages (MA 50 and 200): There is a golden cross (MA50 above MA200), which is a strong bullish signal.
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Summary:
• Fundamentally: Ethereum is very strong and has a promising future, especially with its continued development and adoption.
• Technically: The trend is upward, but it's preferable to buy during corrections towards support rather than at peaks.
