Technical Analysis of Ethereum (ETH) – Update April 26, 2025
Ethereum is currently trading near the $3,050 level, after a positive rebound from a key support at $2,900 during last week's sessions. The price shows ongoing attempts to break through significant resistance located at $3,100.
Momentum Indicators: The Relative Strength Index (RSI) is moving near the 58 level, indicating a moderate upward tendency without overbought conditions.
Moving Averages: The price is currently above the 50-day moving average, supporting the positive outlook in the short term.
Key Resistances: $3,100 then $3,220.
Immediate Supports: $3,000 then $2,900.
Technical Outlook:
If Ethereum manages to close daily above $3,100, we may witness an extension upwards towards the $3,220 - $3,300 area. Conversely, breaking the $3,000 support could push the price to test stronger support around $2,900 again.
Advice:
It is preferable to wait for confirmation of breaking or breaking the mentioned levels before making a trading decision, with strict risk management.
