$ETH

📉 Technical Analysis of Ethereum (ETH)

Current Price: $1,703.65

Overall Trend: Bearish in the short term

Major Support: $1,770

Resistance: $1,850 and $1,900

Technical Indicators: Price trading below the 50-day moving average with negative signals on the Relative Strength Index (RSI), indicating increasing selling pressure.

📰 Recent News and Analyses

Pectra Update: The Pectra upgrade for the Ethereum network is scheduled to be implemented on May 7, 2025, aiming to enhance network performance and increase efficiency.

#Ethereum #ETH #Technical_Analysis #Pectra_Update #Cryptocurrencies #تداول