Technical Analysis of Ethereum (ETH) – April 2025
Ethereum is currently experiencing noticeable volatility after a strong upward wave that brought prices close to the $4,000 level, but it is facing strong resistance at this psychological and technical barrier.
A look at the technical indicators:
Moving Averages: The price is still above the 50-day moving average, indicating that the upward trend remains intact in the medium term.
Relative Strength Index (RSI): Currently hovering around the 65 level, indicating proximity to the overbought zone, but there is still room for further upward movement.
Support and Resistance:
First Support: $3,700
Second Support: $3,500
Main Resistance: $4,000 – $4,200
Expected Scenario: If ETH manages to break through the $4,000 level with strong trading volume, we might see a move towards $4,400 and then $4,600. However, if it fails, it may return to test the support area at $3,700.
Advice: It is advisable to wait for confirmation of the breakout of resistance or the appearance of clear reversal signals before making an entry decision, especially with the market volatility associated with Bitcoin movements and overall market liquidity.
