Ethereum movements technical analysis and indicators on the upcoming path.
Ethereum is trading at around $1782.58, with a high price during the day of $1,782.71 and a low price of $1740.26, indicating moderate volatility amidst good market liquidity.
With strong support at $1750, this level has been tested multiple times in the past days and has stopped the price from falling, with key resistance at $1800.
The RSI momentum indicators are around 60-65, which means the market has upward strength and is not yet in the overbought area, and the moving averages (50 and 200 days) remain below the price.
Yesterday, April 24, Ethereum exchange-traded funds recorded a net inflow of $63.5 million, of which $40 million went into ETFs like ETHA, while $6.6 million exited from ETHE, reflecting a positive institutional trend and continued liquidity inflow.
The future and technical updates.
In May 2025, the 'Pectra' update will come, which will reduce network costs and improve overall performance for Layer 1.
In the medium and long term, sharding solutions (Danksharding) and rollup technologies will make the network faster and cheaper to use, and with the continued burning mechanism (EIP-1559), the tradable supply will decrease if usage increases.
Competition
Solana still excels with transaction speeds processing more than 4,000 transactions per second compared to 15–30 TPS in Ethereum. Its fees are almost negligible, with an average transfer fee on Solana around $0.025 or less than $0.001 for the first simple transfer, making it very attractive for lightweight applications.
Nevertheless, Ethereum's advantages in security and decentralization are still stronger, and institutions tend to lean towards established long-term protocols.
If $1800 is breached, it will be a strong message to investors. You might consider entering on support tests at $1,700 or on a clear breach of resistance. Always remember to manage your risks and set clear exit points. Good luck.
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