Ethereum (ETH) has seen overall positive performance over the past week.
Current price:
*As of today, April 26, 2025, at approximately 12:00 PM Cairo time, the price of Ethereum is hovering around $1,800 USD.
* The currency has seen a significant rise over the past week, with an increase of around 12-13%.
* Over the past 24 hours, there has been a slight increase of 1-2%.
Key points and notes:
* Resistance Test: ETH is attempting to break through the key resistance level at $1,800. It has failed to surpass this level several times recently, but buying pressure appears to be increasing.
* ETF Flows: ETH ETFs saw their first positive weekly inflows since February, indicating increased institutional interest.
* Technical indicators:
* In the short term (4 hours), the trend appears bullish with the 50-day moving average tilted upward.
* In the long term (daily and weekly), the trend is still weak or bearish according to some moving averages, but it is showing signs of improvement.
* The Relative Strength Index (RSI) and Momentum Oscillator (AO) are above neutral levels, supporting the bullish momentum.
* Liquidations: Ethereum futures have seen significant liquidations, indicating potential volatility.
* Support and resistance:
* The major support level is located around $1688.
* If the resistance level at $1,800 is broken, the price may target higher levels such as $2,100.
* Positive news: There is some positive news supporting the ETH price, such as the Ethereum network's gas limit increase test and staking wallets buying large amounts of ETH.
Near future expectations:
* There are optimistic expectations of a breakout of the resistance level at $1,800, which could push the price towards higher levels.
* However, some analysts point to the possibility of a correction or consolidation after the recent gains.
* In the short term, the trend appears moderately bullish, with a breakout of the key resistance level anticipated.
short:
Ethereum has performed well this week with strong gains, and attention is currently focused on the price's ability to break the crucial resistance level at $1,800. Technical indicators and recent news suggest the upward momentum could continue, but key support and resistance levels should be closely monitored.
