Technical analysis $ETH (1-hour frame)
Analysis time 21:14 (UTC+7) on March 29, 2025
1️ Overall trend
1H frame: ETH is in a short-term downtrend with the current price at 1,855.01 USDT, down -1.24% from the previous session.
EMA lines:
EMA34 (1,897.02) < EMA89 (1,948.76) < EMA200 (1,977.07) ⏳ → The downtrend still dominates.
Price is below all 3 EMA lines, indicating that selling pressure still dominates.
RSI (30, 50, 70):
RSI(30) = 34.41 📉 → Near the oversold area, a technical bounce may occur.
RSI(50) = 36.86, RSI(70) = 39.29 → Weak momentum, no clear reversal signs yet.
Stochastic RSI:
35.01, with an upward crossover signal, a pullback may occur.
2️ Possible scenarios
📌 Scenario 1 (High probability): Price continues to drop, testing support at 1,830 - 1,820 USDT
Weak momentum, price below EMA34, ETH is likely to test the area of 1,830 - 1,820 USDT before a strong recovery signal.
If the area of 1,820 USDT is breached, ETH may drop to 1,800 USDT – an important psychological support.
📌 Scenario 2 (Medium probability): ETH short-term recovery to the area of 1,880 - 1,900 USDT
If RSI touches the strong oversold area (30 and below), ETH may bounce up to test 1,880 - 1,900 USDT.
EMA34 at 1,897 USDT will be strong resistance, if surpassed it could target 1,920 - 1,930 USDT.
3️ Suggested entry price levels
✅ Long Order (Buy up) - For short-term traders
Entry: 1,830 - 1,835 USDT 🎯 (Strong support area)
Stop loss: 1,815 USDT 🚨 (If this area is breached, the downtrend continues)
Target: 1,880 - 1,900 USDT 🎯
✅ Short Order (Sell down) - Following the main trend
Entry: 1,890 - 1,900 USDT (Near EMA34 - EMA89, resistance area)
Stop loss: 1,910 USDT 🚨 (If breached, the trend may reverse)
Target: 1,840 - 1,830 USDT 🎯
4️ Summary & Trading Strategy
📉 Main trend: Down, but a technical bounce may occur.
📍 Important observation area:
Resistance: 1,880 - 1,900 USDT
Support: 1,830 - 1,820 USDT
⚡ Preferred strategy: Short at the resistance area, Long when testing strong support with confirmation signals.
💙 Sincere Thanks To You 💙
Thank you for taking the time to follow this analysis. Trading is not just numbers or charts, but also patience, discipline, and a reasonable strategy. I hope the information above helps you have a clearer view of ETH's trend and make effective trading decisions. All analyses are for reference, and only you can decide the best course of action for yourself.
Wishing you successful trading, always maintain your mindset and take firm steps in the market. Remember that risk management is key to surviving and thriving in the volatile crypto world. Always learn, adapt, and be ready to seize opportunities. Thank you again and good luck! 🚀💰
Disclaimer:
This article was created by AI and is not financial investment advice.
The cryptocurrency market is highly volatile, and you should conduct thorough research before making any investment decisions.
All investment decisions and risks arising from the use of information in this article are the reader's responsibility.
Article data is taken at the time of analysis.
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