Ethereum Technical Analysis: 17 APR 2025
Ethereum is in a symmetrical triangle pattern. Source: TradingView
General View
Ethereum continues to converge inside a symmetrical triangle pattern, with bulls gradually regaining control. Price is now pressing against key resistance breakout levels, and as price gets closer to the end of the triangle, a decisive move is getting likelier. If this strength holds, a breakout toward higher levels could unfold soon. Additionally, there is an active CME gap on Ethereum, which remains a key upside target if momentum strengthens.
On The Upside
A breakout above the triangle resistance zone around $1620 to $1640 levels would serve as the first bullish confirmation. Bulls would need to hold the strength to extend the upside towards filling the active CME gap between $1695 to $1825 levels.
On The Downside
If Ethereum fails to break higher, pressure could build toward the lower triangle boundary driven by profit-taking. The trendline supports are at $1560 to $1570 levels. This is an important support to hold, as breaking this would once again expose Ethereum towards $1500 to $1480.
Ethereum active CME gap till $1825. Source: TradingView
