Market Overview
ETH/USDT is currently trading around 1,819 USDT, up +1.8% for the day, indicating a short-term bullish trend. However, it is necessary to carefully evaluate technical indicators to determine the optimal entry point.
Trend analysis with EMA
- EMA(7) (1,817 - 1,820) is below the price → Bullish signal.
- EMA(99) fluctuates between 1,727 - 2,158, indicating potential resistance if the price approaches higher levels.
→ Conclusion: The dominant trend is still bullish, but caution is needed at levels 1,840 - 1,850.
Assess momentum with RSI & MACD
- RSI(6): 52 - 70 (IMG_2131 indicates slight overbought condition).
- MACD: Mostly positive (0.61 - 1.10) → Maintains upward momentum.
→ Recommendation: Monitor RSI(6) surpassing 70 to detect a downward correction.
Volume & Trading Pressure
Volume is lower than MA(5) → Lack of strength to confirm the trend.
- Negative OBV → Potential selling pressure.
24h Future Trading Strategy
- Long scenario:
+ Enter a trade when the price breaks 1,825 with an increase in volume.
+ Take profit: 1,840 - 1,850.
+ Stop-loss: Below 1,817 (EMA7).
- Short scenario:
+ Enter a trade if the price drops below 1,815 and RSI(6) > 70.
+ Take profit: 1,790 - 1,800.
+ Stop-loss: Above 1,830.
Risk Management
- Always set a stop-loss to limit losses.
- Monitor MACD fluctuations and market news.
Note: This analysis is based on historical data, meaning at the time of analysis (9 PM on April 29, 2025). Due to the volatility of the cryptocurrency market and its sensitivity to news, it is necessary to confirm real-time signals before making decisions.