Ethereum Movements Technical Analysis and Indicators on the Next Path

Ethereum is trading at around $1782.58, with a high of $1,782.71 during the day and a low of $1740.26, indicating moderate volatility amid good liquidity in the market.

With strong support at $1750, this level has been tested multiple times in the past few days and has halted the price decline, and there is a major resistance at $1800.

The RSI momentum indicators are around 60-65, which means the market has upward strength and is still not in the overbought zone, and the moving averages (50 and 200 days) remain below the price.

Yesterday, April 24, the 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.