📊 Current price and market data
Current ETH price: around $1,620
Daily range: $1,569 – $1,656
24-hour trading volume: $6.34 billion
Market capitalization: $190.5 billion
Change over 30 days: −20.78%
Change since the beginning of the year: −45.91%
Current sentiment: 62% bearish, 38% bullish
🔍 Technical indicators
50-day moving average (SMA): ~$1,903
200-day SMA: ~$2,741
Relative Strength Index (RSI, 14-day): around 39 (oversold area)
MACD: forming a bullish cross, indicating a possible upward reversal
Golden Cross: forming, traditionally considered a bullish signal
🔑 Support and resistance levels
Key support: $1,700
Critical support: $1,400 (previous low)
Resistance: $1,840
Next resistance: $1,950–$2,000
📈 Market activity and accumulation
Address activity: increase of 10% over the last 48 hours, indicating growing interest in the network
Accumulation addresses: record one-day inflow of 449,000 ETH, despite many long-term investors still being at a loss
🔮 Short-term forecast
Short-term forecast: possible increase to $1,823 within a week, assuming current momentum is maintained
Medium-term forecast: upon breaking the $1,950 level, possible increase to $2,120, $2,888, and $4,444 by 2025
Long-term risk: under unfavorable conditions, the price could drop to $1,060
✅ Conclusion
Ethereum shows signs of recovery after a prolonged decline. The formation of bullish technical signals, such as Golden Cross and increased address activity, indicates a possible trend reversal. However, risks of further decline remain, especially with breaks of key support levels. Investors are advised to closely monitor price dynamics and market indicators.
