Ethereum (ETH) is trading at around $1,821.67, reflecting a daily gain of 3.28%.

📊 Technical Overview

Resistance Levels: Key resistance levels are identified at $1,830.30, $1,860.89, and $1,898.88.

Support Levels: Support levels are noted at $1,761.72, $1,723.73, and $1,693.15.

Moving Averages: ETH is currently trading above its 50-day EMA, indicating a bullish short-term trend.

📈 Market Sentiment & Whale Activity

Whale Movements: A significant ETH whale recently executed a $7.32 million short trade after profiting $301,000 from a long position, suggesting cautious optimism in the market. ​

ETF Inflows: Ethereum ETFs have seen inflows totaling $64.12 million as of April 28, indicating renewed institutional interest. ​

🔍 Trading Strategy Considerations

Bullish Scenario: A sustained move above $1,830 could pave the way for a rally toward the $1,950–$2,000 range.​

Bearish Scenario: Failure to hold above $1,800 may lead to a retest of support levels around $1,761 or lower.​

Neutral Outlook: Consolidation between $1,800 and $1,830 may persist until a decisive breakout occurs.​

Given the current market dynamics, traders should monitor key support and resistance levels closely and consider both technical indicators and broader market sentiment when formulating trading strategies.​

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