Current Price (April 15, 2025): $1,641.95 (up 0.98% in 24h) .
Key Levels:
Support: $1,606 (day’s low) / $1,450 (recent strong support) .
Resistance: $1,680 (100-hour SMA) / $1,690 (recent high) .
Short-Term Outlook (Today – Weekend)
1. Bullish Signals:
- ETH is consolidating above $1,625 with potential to test $1,680 if momentum holds.
- Selling pressure is easing, and the Taker Buy-Sell Ratio flipped positive, hinting at bullish sentiment .
- VanEck’s 2025 predictions suggest ETH could rally to $6,000 later this year, which may fuel speculative buys .
2. Bearish Risks:
- Open Interest (OI) on Binance derivatives has dropped 50% since December, signaling reduced speculative activity.
- If ETH breaks below $1,600, next support is $1,450 (April 9 low).
3. Key Events to Watch:
- SEC’s ETH ETF Decision Delay: June 1 deadline could cause volatility.
- Macro Factors: US economic data (e.g., inflation expectations) may impact crypto markets .
Suggestions for Traders (For Fun!):
- Scalpers: Play the range ($1,600–$1,680). Buy dips near $1,610, sell at $1,670+. Stop-loss at $1,590.
- Swing Traders: Wait for a clear breakout above $1,690 to enter longs. If ETH drops below $1,600, consider shorting to $1,450.
- Long-Term Hodlers: Accumulate below $1,500 if tested. VanEck’s $6,000 prediction is a moonshot but could reward patience.
- Wildcard Bet: If ETH spikes above $1,700, FOMO could kick in—ride the wave but trim profits quickly.
**Weekend Scenario Predictions**
- Bull Case: ETH holds $1,600 and rallies to $1,750 by Sunday, fueled by spot buying and ETF hype.
- Bear Case: Rejection at $1,680 leads to a pullback to $1,550, especially if Bitcoin weakens .
**Pro Tip:** Monitor Binance’s OI and Taker Buy-Sell Ratio for real-time sentiment shifts .
*Disclaimer: This is for information only—crypto is volatile! Always do your own research.*