$ETH

Analysis $ETH — April 26, 2025

Current Price: (checking live markets will give the exact number — let me know if you want real-time data)

Trend: There has been a sideways move for ETH after a recent rally. The momentum is neutral to slightly bullish, but it is at a critical level where either a breakout or a pullback could occur.

Major Resistance Level: ~$3,250 – $3,300

Major Support Level: ~$3,050 – $2,950

Technical Indicators:

RSI (Relative Strength Index): around 55 — slightly above neutral, indicating no strong buying or selling pressure.

MACD: still positive but flattening, suggesting momentum may be slowing.

Moving Averages: ETH is trading above the 50-day and 200-day moving averages, which is a good sign for bulls.

Macro Factors:

Bitcoin dominance has increased slightly, meaning altcoins like ETH are lagging a bit compared to BTC today.

The general sentiment in the cryptocurrency market is cautious, with traders monitoring U.S. economic data and regulatory news.

Short-term Outlook:

Bullish Scenario: If ETH breaks and holds above $3,300 with trading volume, it may target $3,500 next.

Bearish Scenario: If ETH loses the $3,050 support, it could potentially drop to around $2,900.