#ETH
Ethereum (ETH) – Daily Technical Analysis – April 26, 2025
Price: ~$1,795
Daily change: +0.3%
Key Levels:
Support zones: $1,770 and $1,750
Resistance zones: $1,830 and $1,850
Indicators:
Moving Averages: ETH is trading above its 50-day EMA, confirming short-term bullish momentum.
RSI: At 63, indicating Ethereum is close to overbought but still has room to rise.
MACD: Bullish crossover remains active, supporting continued upward movement.
Market Sentiment:
Massive inflows into Ethereum ETFs (57,900 ETH purchased, worth $104.1M), with no outflows recorded.
Institutional buying suggests growing confidence in Ethereum’s price potential.
Whale Activity:
A large Ethereum whale deposited 2,924 ETH (~$5.24M) into Binance, realizing a 46% loss — this could trigger short-term volatility.
Summary:
Ethereum maintains a cautiously bullish outlook with strong support from institutional investors, although whale movements could introduce volatility. Watch the $1,830 resistance for the next breakout attempt.
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