Technical Analysis: Ethereum (ETH) — April 30, 2025

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📊 Outlook

Ethereum is trading in a tight range with slight upward momentum. Current RSI is neutral, and price remains above the 50-day SMA, hinting at a sustained bullish trend. The Fear & Greed Index supports this positive sentiment. A break above $2,000 could confirm bullish continuation, while a drop below $1,700 may shift sentiment to bearish.

📌 Analyst Note: Maintain bullish bias while ETH remains above $1,790.66. Monitor resistance at $2,000 for breakout confirmation.


🔍 Indicators

RSI (14): 51.60 — Neutral

SMA 50: $1,790.66 — Price slightly above → Bullish

30-Day Volatility: 4.97%

Fear & Greed Index: 61 (Greed)

Technical Sentiment: Bullish

📈 Levels

Next Resistance: ~$2,000

Next Support: ~$1,700

Short-Term Price Target: $1,804.35 by May 30, 2025



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