#USElectronicsTariffs $ETH 💰 Current Price and Performance
• Current Price: $1,630.74
• Daily High: $1,684.74
• Daily Low: $1,617.38
• Daily Change: Down by 0.05%
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📊 Technical Analysis
• Overall Trend:
Ethereum is currently trading in a sideways range between $1,500 and $1,900, with strong resistance at $2,000 and critical support at $1,750.
(Source: Binance)
• Momentum Indicators:
The Relative Strength Index (RSI) indicates bearish momentum, with balanced long and short positions in the futures market.
• Technical Warning:
A Fair Value Gap (FVG) on the 4-hour chart could suggest additional selling pressure.
(Source: TradingView)
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🔮 Future Predictions
• Short-Term (April 2025):
ETH is expected to reach around $1,854.76 by April 17, which would be a 12.87% increase.
(Source: CoinCodex)
• Mid-Term (May 2025):
Projected price range between $2,500 and $2,700, supported by an ascending triangle pattern and increased whale activity.
(Source: CoinDCX)
• Long-Term (End of 2025):
Forecasts suggest ETH could surpass $5,000, driven by growing demand and the possible approval of Ethereum ETFs.
(Source: MarketWatch)
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⚠️ Important Notes
• Volatility:
Ethereum has dropped by 51.3% since the start of 2025, largely due to whale sell-offs.
(Source: TradingView)
• Technical Context:
ETH has been in a downtrend for the past four months, falling about 65% from its peak in December 2024.
(Source: ZebPay)