Technical analysis $ETH (1H frame)
Analysis time 21:29 (UTC+7) on April 20, 2025
Post time 21:29 (UTC+7) on April 20, 2025
🧭 1. Current trend: Short-term decline
Current price: 1,577.68 USDT
24h volatility: -1.70%
Highest 24h: 1,632.29 USDT
Lowest 24h: 1,564.69 USDT
The ETH/USDT pair is in a clear short-term downtrend after hitting a local peak at 1,632.29 USDT. Long consecutive red candles indicate strong selling pressure. Although there is a slight rebound, there has been no confirmation of a reversal.
📊 2. Technical indicator analysis
📉 EMA (Exponential Moving Average):
EMA34: 1,596.04 USDT
EMA89: 1,596.72 USDT
EMA200: 1,603.58 USDT
👉 The current price is below all three EMA lines, especially EMA200, confirming that the short-term downtrend is still dominant. The fact that the price has not returned to test EMA34 or EMA89 also indicates that buying power is not strong enough.
📉 Stochastic RSI:
STOCHRSI: 15.34
MASTOCHRSI: 9.27
👉 This indicator pair is in the oversold zone, signaling that a short-term technical rebound may occur.
📉 RSI:
RSI(30): 43.20
RSI(50): 46.44
RSI(70): 47.61
👉 RSI remains below the neutral threshold of 50, indicating that momentum is still leaning towards the sellers. However, the index is not too low, showing no clear signs of divergence.
🧩 3. Possible scenarios
✅ Scenario 1 - Short-term technical rebound (average probability):
If buying pressure continues to increase in the range of 1,564–1,570 USDT, the price may rebound to test EMA34/EMA89 in the range of 1,596–1,600 USDT.
This is the first strong resistance area. If it cannot break through, the price may continue to adjust.
🔻 Scenario 2 - Continued decline (high probability):
If the price cannot hold the nearest support area at 1,564.69 USDT, it is likely to test deeper support around 1,540–1,550 USDT.
Fits with the corrective pattern after the local peak.
🎯 4. Specific entry suggestion
🟢 Buy Order (Buy limit):
Price range: 1,545–1,555 USDT
Reason: This area could be strong support if the price breaks below 1,564.69 USDT. Coincides with the previous psychological and technical support confluence zone.
Stop-loss: 1,528 USDT
Target 1: 1,595 USDT
Target 2: 1,620 USDT (if it rebounds stronger)
🔴 Sell Order (Sell limit – for short-term trading strategy):
Price range: 1,595–1,600 USDT
Reason: Technical resistance near EMA34/89. The price has not been able to break through this area in recent hours.
Stop-loss: 1,606 USDT
Target 1: 1,570 USDT
Target 2: 1,550 USDT
🧠 5. Conclusion and strategy
ETH/USDT is in a short-term decline phase. Sellers dominate after the drop from the 1,630+ USDT range.
You can consider buying at a lower level if the price breaks through short-term support.
If you want to trade short-term, selling around the EMA resistance is reasonable.
Wait for clearer reversal confirmation before entering medium or long-term positions.
Acknowledgments:
Thank you for taking the time to follow the analysis. Your trust and choice to refer to my information is a valuable recognition. Every click, every read adds motivation for me to continue sharing knowledge clearly, practically, and valuably.
Wishing you always maintain clarity and discipline in every trading decision. Regardless of market fluctuations, always be steadfast with your strategy and update your knowledge regularly. I hope you have many effective and safe trading sessions – profits will be a deserving reward for your perseverance and understanding. 🚀📈
Disclaimer:
This article was created by AI and is not financial investment advice.
The cryptocurrency market is very volatile, and you should thoroughly 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 the article is taken at the time of analysis.
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