[ETHUSDT Analysis – April 20]
ETH is strongly accumulating on the 4H timeframe, preparing for a significant volatility. MACD and Stoch RSI support a short-term bounce if it breaks out of the 1760–1780 range.
However, the 1D timeframe is still in a downtrend. The Ichimoku cloud is thick, and the price is below the EMA. Only a breakout above 1850–1870 will confirm a trend reversal.
Strategy:
Buy on breakout at 1780, TP 1850, SL 1680.
Long-term swing: only enter when it clearly surpasses 1870.