Ethereum Technical Analysis on October 16, 2025: Consolidation or Next Surge?
On October 16, 2025, Ethereum trades around $4,025 amid consolidation. Mixed signals from indicators—with neutral RSI at 49 and bearish MACD—point to short-term pressure. Key supports at $3,990 and $3,970, resistances at $4,020 and $4,050 await tests. Though overall neutral, a bounce to $4,050 seems possible with rising volume. This piece breaks down the data and strategies.