$ETH

Ethereum Futures Trading Strategy (1-Hour Timeframe, 50x Leverage)

Current Market Overview

As of 2025-04-30, Ethereum (ETH) is trading at $1,765.91, with a 24-hour price change of -3.007%. The price is currently near the lower end of the recent range, with a high of $1,832.49 and a low of $1,731.70. The Relative Strength Index (RSI) for ETH is at 55.42, indicating a neutral position, neither overbought nor oversold.

Key Levels and Entry/Exit Points

Based on the current price action and technical indicators, here are the key levels to consider for your futures trading strategy:

Support Levels:

Fibonacci Pivot: $1,721.54 (potential strong support).Recent Low: $1,731.70 (short-term support).

Resistance Levels:

Fibonacci R1: $1,843.59 (potential resistance).Recent High: $1,832.49 (short-term resistance).

Entry Price:

Bullish Entry: Look for a bounce off the Fibonacci pivot ($1,721.54) or the recent low ($1,731.70).Bearish Entry: Consider entering short if the price breaks below the recent low ($1,731.70).

Target Price:

Bullish Target: $1,832.49 (recent high).Bearish Target: $1,721.54 (Fibonacci pivot).

Stop Loss:

Bullish Stop Loss: Place below the recent low ($1,731.70).Bearish Stop Loss: Place above the recent high ($1,832.49).