Below is the latest update on Ethereum (ETH) as of April 30, 2025, including the current price, technical analysis, and short-term futures trading strategy:
🟢 Current ETH price
As of the morning of April 30, 2025, the price of Ethereum (ETH) is trading around $1,794.78, with a daily high of $1,837.35 and a low of $1,791.45.
📊 Technical Analysis
• Important resistance: The levels of $1,830 – $1,860 are seen as short-term resistance. If ETH breaks through this area, it could aim for a target of $1,968 and further to $2,426.
• Strong support: The area of $1,761 – $1,723 serves as the main support. If the price drops below this level, it may test the area of $1,693.
• Technical indicators:
• RSI: The current RSI indicates that the market is in a neutral state.
• MACD: The MACD line is trending upwards, indicating bullish momentum.
• EMA 50/200: The 50-day EMA is crossing above the 200-day EMA, a positive signal for long-term bullish trend.
📈 Short-term Futures Trading Strategy
1. Scalping Strategy (5–15 minute timeframe)
• Target: Small, quick profits from regular trades.
• Indicators used: EMA 9 & 21, MACD, RSI, VWAP.
• Buy entry point: When EMA 9 crosses above EMA 21, RSI below 70, MACD crosses up.
• Take profit point: 0.3%–0.6%.
• Stop loss: 0.2%–0.4%.
• Leverage: 5x–10x (carefully manage risk).
2. Intraday Strategy (30 minute – 1 hour timeframe)
• Buy order:
• Entry point: $1,580–$1,590.
• Take profit: TP1: $1,610; TP2: $1,630.
• Stop loss: $1,570.
• Leverage: 3x–5x.
• Sell order (if resistance holds):
• Entry point: $1,615–$1,630.
• Take profit: $1,590.
• Stop loss: $1,640.
🧠 Market sentiment and whale activity
• A recent Ethereum whale took a profit of $301,000 from a long position of 15,000 ETH on April 28 and then opened a short position worth $7.32 million, indicating caution before the current resistance area.
• Inflows into Ethereum ETF funds have increased again with $64.12 million over three consecutive days, indicating renewed interest from institutional investors.
⚠️ Important Note
• Binance will temporarily suspend ETH deposits and withdrawals at 15:00 (UTC+8) on April 30 to maintain the Ethereum network.