🪙 Comprehensive Technical Analysis – Ethereum / USDT
🕒 Time Frame: Daily (1D)
📅 Date: April 30, 2025
📈 Exchange: Binance
🔁 1. Overall Trend
After a strong rise from October to December 2024, the price entered a clear downward trend.
A clear Break of Structure (BOS) in January and the appearance of a Change of Character (CHoCH) at critical levels indicates a trend shift.
The price is currently in a cumulative phase after the drop, and it may be preparing for a reversal or continuation.
🔑 2. Critical levels
✅ Support:
1,420 – 1,480 USD: Strong bottom and has seen a clear rebound – a pivotal demand area.
1,200 – 1,300 USD: Previous historical support, the last equilibrium area before the big rise.
❌ Resistance:
1,820 – 1,860 USD: Currently an active supply area, showing price rejection.
2,000 – 2,200 USD: Strong resistance ahead if the rise continues.
2,800 – 3,000 USD: Clear accumulation levels previously, containing deferred liquidity.
💧 3. Liquidity and Market Makers (SMC)
Notable signals:
CHoCH (Change of Character): at level ~2,200 and ~1,550 USD — indicating significant shifts in trend.
BOS (Break of Structure): Repeated during the drop, reinforcing the downward trend.
Equal Highs (EQH): at 2,800 and 2,900 — liquidity areas that may be targeted later.
Equal Lows (EQL): near 1,600 — may be broken to bring liquidity before the rally.
⚙️ 4. Momentum
Currently, the momentum is weak, but it has started to improve with a rebound from the bottom.
The price recently formed a bullish CHoCH which may indicate the beginning of a structural shift.
There is no strong confirmation of an upward trend yet, but accumulation continues.
🧠 5. Potential Scenarios
🔼 Bullish Scenario:
If 1,860 USD is broken with a strong daily close, it will be a positive signal to target 2,000 then 2,200.
A clear break of the supply areas will later lead to an attempt to reach EQH at 2,800.
🔽 Bearish Scenario:
If the price fails to break 1,860 and drops again, it may return to test the 1,500 – 1,550 area and possibly break it to attract liquidity.
Breaking 1,420 will open the door for a deeper drop towards 1,300 and possibly lower.
✅ Tips and Recommendations
Do not rush into buying unless after confirming a break of resistance at 1,860 with a strong close.
Watch for SMC signals like BOS and CHoCH daily.
Use strict risk management, especially since the market is still within a downward structure.
