$ETH Trade Analysis

As of May 4, 2025, the latest price of Ethereum (ETH)/USDT is $1,839.98, with a daily high of $1,847.56 and a low of $1,815.72, up approximately 0.80% from the previous trading day.

📊 Technical Analysis Overview

Trend Status: ETH is currently in an upward trend, with prices oscillating near key support levels, indicating market uncertainty.

Relative Strength Index (RSI): The current RSI value is close to 70, suggesting that the market is in the overbought zone and may face short-term pullback pressure.

Exponential Moving Average (EMA): The crossover between short-term EMA and long-term EMA has not yet formed a clear trend signal, and further observation of price interaction with EMA is needed.

🔍 Key Support and Resistance Levels

Support Levels:

$1,820: Key support level; if broken, it may further decline to $1,800. TradingView

Resistance Levels:

$1,850: Resistance level above the current price; if broken, it may test $1,880.

💡 Action Suggestions

Short-term Traders: It is recommended to look for buying opportunities as the price approaches $1,820, with a target set at $1,850 and a stop-loss below $1,800.

Medium-term Investors: If the price breaks above $1,850 and holds, consider adding to positions, with a target set at $1,880 and a stop-loss below $1,820.