Ethereum (ETH) Market Analysis – May 3, 2025
Current Price Zone: ~$1,820
Market Sentiment: Cautiously Bullish (Short-Term Pullback Likely)
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Technical Summary:
Breakout Level: ETH broke out above ~$1,760 on Thursday.
Current Support Zone: $1,780 – $1,800 (Point of Control)
Immediate Resistance Zone: $1,920 – $1,940
Major Support: $1,750 – $1,760 (crucial level to hold)
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Trade Setup:
Long Entry Zones:
Entry 1: $1,800 – $1,810 (support confirmation)
Entry 2: Break above $1,860 with volume (momentum continuation)
Targets:
TP1: $1,860
TP2: $1,920
TP3: $1,940
Stop Loss:
Conservative SL: Below $1,750 (loss of breakout structure)
Aggressive SL: Below $1,780 (short-term invalidation)
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Analyst Notes:
Breakout looks strong, but volume weakening into the weekend suggests possible retest of $1,800.
ETH/BTC is stable, indicating relative strength but not leadership.
If $1,750 is lost, expect retrace to $1,640.
Upside structure remains intact above $1,780.
Bias: Bullish while ETH holds above $1,750.
Short-Term Risk: Weekend volatility and headline-driven pullbacks.
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