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The Ethereum price edged up a fraction of a percentage in the last 24 hours to trade at $1,639 as of 4:02 a.m. EST on trading volume that plunged 7% to $14 billion.
This increase in the ETH price comes as the US Securities and Exchange Commission (SEC) delayed approving staking in the Grayscale Ethereum Trust ETF (exchange-traded fund) and Grayscale Ethereum Mini Trust ETF until June 1.
🚨NEW: The @SECGov has delayed its decision on permitting staking in @Grayscale’s $ETH spot ETFs.https://t.co/bHxfdyqRD5 pic.twitter.com/oCL51PSkKM
— Eleanor Terrett (@EleanorTerrett) April 14, 2025
Ethereum Price Aims For A Breakout Above
The ETH price on the daily chart shows a potential bullish reversal forming after a prolonged downtrend contained within a well-defined falling channel.
According to Geckoterminal data, the Ethereum price recently bounced off the channel’s lower boundary near the $1,470 support region and is now approaching the upper channel resistance, signaling a possible breakout attempt.
If the price of ETH breaks cleanly above the upper channel resistance and reclaims the $1,700–$1,750 region, it could confirm a breakout and shift sentiment to bullish.
ETH is currently trading below both key Simple Moving Averages (SMAs), the 50-day SMA at $1,937.23 and the 200-day SMA at $2,788.83, still placing it in a technically bearish structure.
Meanwhile, the Relative Strength Index (RSI) currently sits at 42.32, which is still in bearish territory but climbing steadily. A move above the 50 level would reflect increasing bullish momentum and could confirm a trend reversal.
Moreover, the Moving Average Convergence Divergence (MACD) histogram is approaching the zero line from below, while the MACD line itself has crossed above the signal line, now printing +10.09 versus -123.50. This bullish crossover is often one of the earlier signs of trend reversal, and if momentum continues to build, it could reinforce the bullish outlook.
ETH Price Targets Prices Above The 200-Day SMA
Assuming a confirmed breakout from the falling channel, the projected upside target for ETH is around $2,800, aligning closely with the 200-day SMA. This move would represent a 70.55% increase from the current price of $1,639.14.
Conversely, should the breakout fail, ETH may revisit the channel’s lower support, around $1,500, to consolidate before attempting another breakout.
Meanwhile, investors are rushing to buy a new AI agent crypto called MIND of Pepe (MIND). 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, says MIND has the potential to soar 100X after launch.
MIND Of Pepe Presale Surpasses The $8 Million Mark – Next 100X Crypto?
MIND of Pepe has quickly gained attention, raising over $8 million in its presale. Its success comes from combining AI technology with meme coin appeal.
Unlike regular meme coins, MIND features an AI agent that analyzes market trends, provides crypto insights, and even creates new tokens.
This gives investors the chance to get in early on AI-generated cryptocurrencies, making MIND a one-of-a-kind and promising project in the market.
🔥 MIND of Pepe $MIND Update 🔥
MIND of Pepe $MIND continues its unstoppable evolution, solidifying its position as the most advanced AI-powered crypto-intelligence system
LLM Persona Refinement
MoP’s language model is getting sharper!
◉ Enhanced intelligence & engaging… pic.twitter.com/H56ATBvKzn
— MIND of Pepe (@MINDofPepe) March 20, 2025
This AI agent is also designed to deploy its tokens, trade them, advertise them, sell them for profit, and reinvest the earnings into its native token, MIND.
MIND holders also have the opportunity to stake their tokens for a stratospheric 281% annual percentage yield (APY).
Currently, MIND tokens are priced at $0.0037115 and can be bought with either crypto or bank cards via the easy-to-use widget embedded on the project’s website.
Interested investors will want to act fast because MIND’s price will undergo a scheduled presale increase in less than 15 hours.
Visit the MIND of Pepe website.
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