I present a comprehensive analysis for Ethereum.

Current Status and Price Action:
As of now (May 1, 2025, 09:52 CEST), Ethereum (ETH) appears to be trading around the $1,790-$1,810 range. Price action over the last 24 hours may indicate a slight decrease (-0.29%) or a slight increase (0.59%) according to different sources. In general, it can be said that it is following a sideways trend in the short term.
Technical Analysis:
There are different signals according to various technical analysis sources:
* TradingView:
* In the 1-hour chart, if the $1,693 level is exceeded, the $1,800 target is indicated. The important support point is seen as $1,473.
* It is stated that if it remains above $1,600, the positivity will continue, and if it falls below, the probability of $1,100 will strengthen. It is stated that if it remains above, there is a potential to move towards the $3,000 and $3,300 levels.
* It is stated that the downtrend has been broken in the medium term and the initial decline has slowed down. Support levels are expected to be 1420 USD and resistance levels are expected to be 2220 USD. Although the RSI being above 70 indicates strong positive momentum, the possibility of a downward reaction in the event of overbought is highlighted.
* The daily technical summary gives neutral signals. According to moving averages, selling pressure prevails, and according to oscillators, a neutral outlook prevails.
* I think: It is seen that the uptrend has been broken in the medium term.
* I think, the price being above the pivot point of 1798.00 USD and the supportive indicators indicate an uptrend expectation. A high ATR indicates an increase in volatility. Parabolic SAR gives a bullish signal.
Fundamental Analysis and Important Developments:
* Ethereum 2.0 (The Merge): Ethereum's transition to the Proof-of-Stake (PoS) consensus mechanism, which significantly reduces energy consumption and increases its security (The Merge), is an important development that is expected to positively affect the value of Ethereum in the long term. It is also predicted that this transition will make Ethereum a deflationary asset.
* Areas of Use: While Bitcoin is primarily used as a means of payment, Ethereum offers a platform for decentralized applications (dApps) and smart contracts. This wide area of ​​use adds unique value to Ethereum.
* Institutional Interest and Regulations: The interest of institutional investors and positive developments in government regulations may be factors that support the Ethereum price.
* Development Activities: There are continuous innovations and developments on the Ethereum network.
Summary:
There is no clear trend in the Ethereum price in the short term, and the 1800 USD level is monitored as an important resistance point. In the medium and long term, Ethereum's underlying strong technology, wide usage areas and significant updates (especially The Merge) maintain its potential. However, market volatility and general cryptocurrency market trends will also affect the price.
Things to Consider:
* The cryptocurrency market has high volatility.
* Technical analysis indicators may give different signals.
* While fundamental analysis factors show long-term potential, short-term price movements are difficult to predict.