$ETH Trading Signals – (4H & Daily Charts)
Current Price: ~$3,060 (as of April 30, 2025)
Bullish Indicators (Long Setup):
• Support Zone: $2,950 – strong historical support
• Breakout Level: $3,150 – a clean break could lead to $3,350
• RSI: 4H is climbing (~56), suggesting building bullish momentum
• MACD: Bullish crossover forming on 4H
• Trend: Price holding above 200 EMA on daily – strong bullish structure
Bearish Cues (Watch out):
• Resistance Levels: $3,150 and $3,350
• Breakdown Zone: $2,950 – below that, next support is $2,820
• Volume: Lacking follow-through on recent green candles – watch closely
Trade Setup:
• Long Entry: $3,020–3,050
• Target 1: $3,150
• Target 2: $3,350
• Stop-loss: $2,940
• Short Entry: If ETH drops below $2,950
• Target: $2,820
• Stop-loss: $3,020
Tip: Keep an eye on Layer 2 narratives like Arbitrum and Optimism – ETH pumps often precede rallies in L2 tokens.
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