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 close to the 58 point level, indicating a moderate bullish tendency without overbought conditions.
Moving Averages: The price is currently above the 50-day moving average, supporting the positive outlook in the short term.
Important Resistances: $3,100 then $3,220.
Immediate Supports: $3,000 then $2,900.
Technical Vision:
If Ethereum successfully closes above $3,100 on a daily basis, we may witness an extension upwards towards the $3,220 - $3,300 area. Conversely, breaking below the $3,000 support may push the price to test stronger support around $2,900 again.
Advice:
It is preferable to wait for confirmation of a breakout or breakdown of the mentioned levels before making a trading decision, with strict risk management.
