Technical Analysis $ETH

Analysis time 21:22 (UTC+7) on April 18, 2025

Posting time 21:33 (UTC+7) on April 18, 2025

1. Overall trend (1H Frame)

🔹 ETH is currently in a short-term downtrend.

This is confirmed by:

EMA(89) = 1,593.46 is above EMA(34) = 1,587.46 → a sign that the downtrend is prevailing.

The current price (1,587.89) is trading below EMA(200) = 1,606.68 → the market is not strong enough to establish a sustainable uptrend.

👉 However, a technical rebound is occurring, as evidenced by the continuous green candles along with RSI and StochRSI reversing upwards.

2. Technical indicator analysis

🔸 EMA line

EMA(34) and EMA(89) are gradually converging; if EMA(34) crosses above EMA(89) → could confirm a bullish crossover signal.

The price is approaching the EMA(89) zone, which acts as a short-term resistance.

🔸 StochRSI & MASTOCHRSI

StochRSI = 83.58 and MASTOCHRSI = 88.49: both are in the overbought zone (>80) → warning of a potential slight downward adjustment in the short term.

🔸 RSI

RSI(30), RSI(50), RSI(70) are all around 49.1, meaning the market has not entered the overbought or oversold zone → potential sideways accumulation before a breakout.

3. Support & resistance zones

📌 Nearest support:

1,583 – 1,585: near EMA(34) and the nearest candle bottom.

1,562 – 1,565: the bottom of the previous strong drop.

📌 Nearest resistance:

1,593 – 1,595: EMA(89) zone, may test and reverse.

1,606 – 1,608: EMA(200), if broken will confirm the uptrend.

4. Trading scenario

✅ Scenario 1 – Price continues to rise, breaking resistance

If the price breaks EMA(89) at 1,593 and stays above this level → the possibility of further increase to the EMA(200) ~ 1,606 – 1,608.

If RSI maintains its upward momentum, the increase may continue.

📌 Buy Entry:

When the price breaks out and closes above 1,594, with volume confirmation.

Target: 1,605 – 1,608

Stop Loss: below 1,583

⚠️ Scenario 2 – Price is rejected at EMA(89) and reverses downwards

If the price does not exceed 1,593 and a reversal candle appears (like Shooting Star or Bearish Engulfing) → the possibility of retesting the support area.

📌 Sell Entry:

When a reversal candle signal appears below the 1,593 – 1,595 zone.

Target: 1,565

Stop Loss: above 1,596

5. Conclusion

🔍 Currently, ETH is experiencing a technical rebound in a short-term downtrend. It is at a critical zone:

If it can break EMA(89) and maintain buying pressure → could enter a short-term uptrend.

If rejected, the downtrend will continue towards the 1,565 zone.

📌 Short-term strategy:

Wait for a clear break of EMA(89) to buy on momentum.

If it fails, look to sell when there is a technical reversal signal.

Thank you note

I sincerely thank you for taking the time to follow this technical analysis. Your attention to every market movement and thorough research before making trading decisions shows that you are investing responsibly and strategically. I hope the insights and specific scenarios in this article have provided you with a clearer perspective, helping you plan reasonable and effective trading strategies in the context of the continuously fluctuating market.

I sincerely hope that in the next analyses, I will continue to accompany you – not only through charts and indicators but also in the process of developing your analytical thinking and risk management skills. If you have any questions, suggestions, or topics you would like to learn more about, do not hesitate to share. Thank you once again for your trust and support!

Disclaimer:

This article was created by AI and is not financial investment advice.

The cryptocurrency market is very 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 taken at the time of analysis.

#ETH #FutureTarding #Write2Earn