$ETH

ETH/USDT Weekly Chart Analysis for Options Trading

Market Overview (Latest Update):

Current Price: $1,802.74

Recent Low: $1,385

Support Levels: $1,750, $1,600, $1,385

Resistance Levels: $1,900, $2,000, $2,200

RSI (14): 37.21 (Weak, but early recovery signs)

MACD: Bearish, but histogram showing early reduction in selling pressure

Trade Suggestion:

Bullish Trade (If ETH Holds Above $1,800 - $1,820)

If ETH sustains above $1,800, potential move towards $1,900 – $2,000 is likely.

Trade Type: Buy CALL

Strike Price: $2,000

Expiry Date: May 17, 2025

Bearish Trade (If ETH Falls Below $1,750)

If ETH breaks below $1,750, downside towards $1,600 – $1,385 is open.

Trade Type: Buy PUT

Strike Price: $1,600

Expiry Date: May 17, 2025

Final Take:

CALL at $2,000 if ETH stays above $1,800.

PUT at $1,600 if ETH breaks below $1,750.