Ethereum ($ETH ) Market Update – April 19, 2025

Current Price: $1,607.87 (+1.23%)

ETH is hovering near a key decision zone and may soon show directional bias.

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Technical Levels:

Support Zones:

$1,580 (Minor)

$1,520 (Major)

Resistance Zones:

$1,630 (Local high)

$1,685 (Key breakout level)

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Trading Plan with Confirmation

Bullish Setup (Breakout Play):

Entry: Wait for a confirmed 4H candle close above $1,630 with volume higher than the previous 4H average.

Confirmation: MACD bullish crossover + RSI > 55

Target 1: $1,685

Target 2: $1,720

Stop-loss: Below $1,580

Risk/Reward: Minimum 1:2 R:R

Bearish Setup (Rejection Play):

Entry: If ETH fails at $1,630 and closes a strong bearish candle below $1,600

Confirmation: Bearish divergence on RSI or MACD turning down

Target 1: $1,580

Target 2: $1,520

Stop-loss: Above $1,635

Sideways/Scalp Strategy:

Range-trade between $1,580 – $1,630 using confirmation from 15m/1H charts. Focus on quick entries with tight stops and small targets.