ETH

ETH AI Trading (Date: 2025/04/16 02:00 UTC) decision background is summarized.

Technical Analysis

Currently, the analysis of price trends using representative indicators on the daily chart of Ethereum (ETH) shows that over the past 300 days, the price of ETH has undergone several fluctuations, revealing patterns at key support and resistance levels.
First, looking at the moving averages (MA), both the 50-day and 200-day lines are showing a downward trend, indicating a high possibility of continued decline in the short term. In particular, if the price remains below the 50-day moving average, it can be considered a sell signal.
Second, analyzing the Relative Strength Index (RSI), the current RSI value has entered the oversold territory below 30, suggesting the possibility of a rebound in the future. However, unless the RSI re-enters the neutral zone, sustained upward movement is difficult to expect.
Third, applying Bollinger Bands, the price is observed to be close to the lower band. A rebound from this position could signal a trend reversal.
Additionally, the candlestick pattern analysis shows that several doji candles have formed recently, indicating a need for caution in buy or sell decisions. In conclusion, a wait-and-see approach is required in the current ETH market, and a medium to long-term investment strategy seems necessary.

External Factors Analysis

Recently, the Ethereum market has been influenced by several external factors. First, considering concerns about interest rate hikes in the global market and the possibility of economic recession, the cryptocurrency market is also seeing a decline in investor confidence. As a result, investors are taking a more conservative approach.
Second, while discussions about recent network upgrades and scalability improvements for Ethereum are actively taking place, these technological changes have not had an immediate positive impact on market prices.
Third, news of hacking incidents and regulatory tightening on major cryptocurrency platforms and exchanges is causing anxiety among investors. Therefore, these factors are increasing selling pressure and could negatively affect ETH’s future price.
Consequently, investors who have been watching the market flow amid high trading volumes and relatively stable price ranges need to pay close attention to changing market trends. To prevent the current selling pressure from continuing, positive news and technological improvements are required.