Technical analysis by sorooshx about Symbol ETH on 4/22/2025

Current Price: $1,700.02 (+7.8%)📊 Technical Snapshot• Trend: Downtrend (last 4 months)• Support: $1,500 & $1,350• Resistance: $1,750 & $2,150• Range: $1,557 – $1,630 → Moderate volatility• ETH has dropped ~65% from its all-time high of $4,107🔗 On-Chain Metrics• Exchange Inflows: Large positive netflow to derivatives in March → Selling pressure• Wallet Profitability: Only 20.94% of wallets in profit → Weak sentiment• Active Addresses: Down to 400K from 650K → Lower usage• Staked ETH: Over 25.6M ETH → Long-term confidence remains strong🧭 Fundamentals• SEC Approved ETH ETFs (no staking allowed) → Institutional inflow potential• Galaxy Digital moved $100M from ETH to SOL → Institutional rotation📈 Forecasts• Short-Term (by Apr 27): ~$1,635.87 (−0.51%)• Mid-Term (by May 22): ~$1,725.30 (+4.93%)✅ Summary:ETH is still in a downtrend, but fundamentals like staking and ETF approval show long-term strength. Short-term movement may be choppy. Watch $1,500 support and $1,750 resistance.