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The Ethereum price has risen 5% in the last 24 hours to trade at $3,193 as of 7:20 a.m. EST on an 11% drop in trading volume to $25 billion.
This ETH price surge comes as the network experiences significant growth, with over 206,000 new addresses added within 24 hours.
This spike, recorded between Jan. 24 and 25, 2025, represents the most critical daily increase in new addresses since October 2022. The increasing number of users reflects heightened interest and confidence in Ethereum, signaling positive momentum for the project in 2025.
Ethereum Price Signals A Rebound Within A Bearish Channel
The 1-day chart for ETH/USD highlights key technical structures, including a major support level, a bearish channel, and a potential bullish reversal, which could significantly impact ETH’s price movement in the coming days.
The major support level, marked between $2,750 – $2,850, has played a crucial role in ETH’s price action. This zone has been tested multiple times, acting as a strong demand area where buyers step in aggressively. Previously a resistance level, it has now become solid support, indicating a bullish foundation for a potential upward move. ETH bounced back strongly each time it reached this level in the past, confirming the presence of institutional buying interest.
ETHUSD Analysis Source: Tradingview
ETH is trading within a bearish descending channel that has defined its price action in recent weeks. While this structure typically indicates short-term bearish momentum, it can also be a bullish continuation pattern if ETH breaks the upper boundary of the pattern. The breakout level appears to be around $3,200 – $3,250, where ETH has faced resistance before.
A successful breakout above this zone would confirm a bullish reversal, pushing the price toward the next key resistance at $3,624. Beyond this level, if momentum strengthens, ETH could rally toward $4,000, a significant psychological barrier, followed by a move toward $4,250 and higher.
Ethereum Price Nears Key Breakout As RSI Signals Neutral Momentum
The Relative Strength Index (RSI) is at 46.92, indicating neutral momentum. Since the RSI is still below the 50 level, ETH has not yet entered bullish territory, but a breakout could push the RSI higher, confirming increasing buyer strength.
The support zone at $2,750 – $2,850, still remains a strong foundation for buyers. Additionally, the breakout zone at $3,200 – $3,250 is critical for confirming a bullish trend, while the upside targets include $3,624 in the short term, followed by $4,000 and $4,250 as major resistance points. On the downside, if ETH fails to break above $3,250, it could face another pullback toward $2,941 or even $2,750.
Meme Index Presale Crashes Past $3 Million – Next Crypto To Explode?
As Ethereum resumes its upward trend, investors are also pumping money into the presale for Meme Index (MEMEX), the first decentralized project offering diversified meme coin investing for the crypto community. The presale has already raised over $3 million.
MEMEX aims to make investing in meme coins easier with four different indexes: Meme Titan, Meme Moonshot, Meme Midcap, and Meme Frenzy. These options cater to different risk appetites, allowing investors to choose the index that best matches their preferences.
ALERT 🚨: This is the FIRST meme INDEX on the market $MEMEX Presale has 17 hours left, and already has raised $2.8M 😳 Popular meme coins like $DOGE $PEPE $WIF $SHIB & many more, even great potential coins!!! What a great idea join in on their link @memecoin_index pic.twitter.com/cPsxgNXjs7
— Exoticz (@YhwExoticz) January 23, 2025
For those who enjoy high-risk, high-reward opportunities, the Meme Frenzy portfolio focuses on new and highly volatile meme coins, offering big potential returns but with more risk. On the other hand, the Meme Titan Index includes the largest meme coins by market cap, making it a safer choice. Each portfolio adjusts based on market trends and community votes, ensuring adaptability.
Popular YouTuber ClayBro, with over 135K subscribers, predicts that MEMEX could surge 26X in value after launch.
Currently, MEMEX tokens are priced at $0.0156557 and can be purchased using ETH, USDT, BNB, or a bank card. Investors can also stake MEMEX tokens to earn a massive 749% annual yield.
Buy MEMEX here before its price undergoes a scheduled presale increase in 42 hours.
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