Technical Analysis of Ethereum (ETH) – April 2025
The Ethereum cryptocurrency is currently experiencing notable fluctuations after a strong upward wave that brought prices close to the $4,000 level, but it faces strong resistance at this psychological and technical barrier.
A look at the technical indicators:
Moving Averages: The price remains above the 50-day moving average, indicating that the upward trend is still intact in the medium term.
Relative Strength Index (RSI): It is 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 may see movement towards $4,400 and then $4,600. However, in case of failure, it may return to test the support area at $3,700.
Advice: It is advisable to wait for confirmation of the resistance breakout or clear reversal signals before making an entry decision, especially with market fluctuations related to Bitcoin movements and overall market liquidity.
