In the last hour, the market cap has stabilized at around 213 billion US dollars, showing a slight recovery from its recent decline. Trading volume remains high, surpassing 23.6 billion US dollars in daily trading. Positive sentiment is gradually increasing, while the fear and greed index remains at 24, reflecting cautious optimism as market participants test the resistance level.

Technical Analysis: The ETH/USD pair has just broken the baseline of the Ichimoku Cloud (Kijun-sen at 1687 dollars), which is an early signal of a trend reversal. The price is currently testing the lower bounds of the cloud resistance area (which extends from 1782 dollars to 1852 dollars). The Relative Strength Index (RSI) above the 50 level indicates that the bulls are gaining gradual strength, and a successful breakout above the cloud could lead to an upward move towards the 2000-2150 dollar area. However, the asset still faces strong resistance from the Ichimoku Cloud, suggesting the possibility of short-term consolidation.

Ethereum Price Forecast: Ethereum is witnessing a slow but steady recovery. If bulls can maintain its price above the 1780-1850 dollar range and break through the cloud resistance level, Ethereum is expected to reach 2000 US dollars by April 2025. A failure to hold above the 50-day average and a retreat of the cloud level may lead to a retest of the level.