Doodles Sets To Launch Its $DOOD NFT Coin This Friday, May 9
Launch of $DOOD Token: Doodles, the NFT franchise, is set to launch its utility token "$DOOD" on May 9, 2025, with a significant portion of the 10 billion coins allocated to the community, leading to a surge in daily trading sales volume by over 100%.
Community Engagement and Airdrop: The Doodles team has introduced a "New Blood" initiative to attract new participants into their ecosystem, offering airdrops without requiring prior ownership of Doodles NFTs, which has contributed to a notable increase in NFT sales.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH) As of , Ethereum (ETH) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1027.35 | 1387.575 | 1755.53 | 2115.755 | 2483.71 | 2843.935 | 3211.89 |
| Fibonacci | 1387.575 | 1665.74 | 1837.59 | 2115.755 | 2393.92 | 2565.77 | 2843.935 |
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