Technical Analysis of Ethereum (ETH) – April 2025
The Ethereum cryptocurrency is currently experiencing noticeable volatility 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.
Overview of 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 an approach to the overbought area, but there is still room for further upside.
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 a move towards $4,400 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 resistance breakout or clear reversal signals before making an entry decision, especially with the market volatility associated with Bitcoin movements and overall market liquidity.
