ETH/USDT Signal Update – April 8, 2025
Price: $1,474.86
Change: -4.92% (24h)
Trend: Bearish
Timeframe: 1W (Weekly Candle)
Ethereum (ETH) has broken below a key support level and is currently trading at $1,474.86, showing a sharp -4.92% drop in the last 24 hours. The 24h low stands at $1,465.66, suggesting strong downward momentum.
On the weekly chart, ETH has been consistently bearish, with the price falling from a high of $4,107.80 down to the current level—marking a nearly 64% decline from peak to present. The Moving Averages (MA) also confirm bearishness:
MA(7): 1,899.27
MA(25): 2,820.76
MA(99): 2,586.85
Volume remains strong, but sellers are clearly in control as the red candles dominate recent sessions. MACD and RSI indicators suggest oversold conditions, but no bullish reversal signals yet.
Signal: If ETH fails to hold above $1,465 support, expect further downside toward $1,276. However, a strong bounce from this zone could indicate a temporary bottom.
Short-Term Strategy: Bearish
Resistance: $1,620
Support: $1,465 / $1,276
Caution: Avoid long positions until a reversal or consolidation is confirmed. Use tight stop-losses if trading.
Always manage risk properly and stay updated with market news.
