Ethereum (ETH) Market Analysis:


Ethereum (ETH) is currently trading at $3,333.50, down 0.31% from the previous close. The currency reached its highest price of the day at $3,472.06 and its lowest price at $3,264.70.
Technical Indicators:
Relative Strength Index (RSI): Located in the neutral zone, indicating a balance between buying and selling forces.
Moving Averages: Refers to neutral signals, reflecting the absence of a clear trend in the market.
Support and Resistance Levels:
Support: The current support level is around $3,000 USD.
Resistance: The next resistance level is estimated at around $3,400.
Recommendations:
Buying: It may be appropriate to buy when the price approaches the support level at $3,000, placing stop-loss orders below this level to reduce risks.
Selling: Profit-taking can be considered when approaching the resistance level at $3,400, especially if signs of weakness in the uptrend momentum appear.
Future expectations:
According to CAPEX's expectations, the average expected price of Ethereum for 2025 ranges between $2,500 and $4,000, while other forecasts suggest the possibility of reaching a price of $5,331.23 by 2030.
Note: Investing in cryptocurrencies carries high risks. It is always advised to conduct thorough research and consult financial experts before making any investment decisions.
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ETH0,21%
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