Technical analysis $ETH :

Analysis time 21:20 (UTC+7) on March 31, 2025

Current price: 1,824.66 USDT, up 0.66% compared to 24h ago.

Trading volume: 5.64M ETH and 10.19B USDT in the last 24 hours, indicating market interest.

EMA Indicator: EMA (34) < EMA (89) < EMA (200), indicating a medium and long-term bearish trend.

RSI Indicator: RSI (30) = 47.82, RSI (50) = 44.79, RSI (70) = 44.06, all below 50, indicating that selling pressure is stronger.

STOCHRSI Indicator: STOCHRSI = 84.62, MASTOCHRSI = 91.55, indicating that ETH is in the overbought zone and may correct downwards.

Detailed analysis:

Trend: Looking at the chart, ETH is in a short-term downtrend, with lower highs and lower lows. The EMA (34) is crossing below the EMA (89) and EMA (200), confirming this bearish trend.

Support and resistance: The nearest support level is 1,766.04 USDT (lowest point in 24h). If the price breaks this level, it could decline further. The nearest resistance level is 1,842.62 USDT. If the price surpasses this level, it could rise to 1,882.97 USDT.

Scenario:

Scenario 1 (Bearish): If ETH fails to hold the support level of 1,766.04 USDT, the price could drop to lower levels such as 1,700 USDT or even 1,650 USDT.

Scenario 2 (Bullish): If ETH surpasses the resistance level of 1,842.62 USDT and maintains above this level, the price could rise to higher levels such as 1,882.97 USDT or even 1,923.31 USDT.

Order suggestion:

Sell (short) order: If the price breaks the support level of 1,766.04 USDT, you may consider entering a sell order with a target price of 1,700 USDT and a stop loss at 1,800 USDT.

Buy (long) order: If the price surpasses the resistance level of 1,842.62 USDT and maintains above this level, you may consider entering a buy order with a target price of 1,882.97 USDT and a stop loss at 1,820 USDT.

Thank you

Thank you for taking the time to read my ETH analysis. I hope this information will help you gain an overview and make informed trading decisions. Wishing you success in the cryptocurrency market!

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 investment decisions.

All investment decisions and risks arising from the use of information in this article are the responsibility of the reader.

The data in this article was collected at the time of analysis.

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