#USChinaTensions ### **ETH/USDT Technical Analysis - 2025-04-21**
#### **Current Price**: **1,635.48 USDT**
- **24h Change**: **-3.93%** (Bearish short-term momentum)
- **24h Range**: **1,565.59 - 1,658.75**
- **24h Volume**: **479,162.11 ETH (≈775.20M USDT)**
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### **Key Observations**
1. **Price Near Mid-Range, Bearish Bias**
- Current price (**1,635.48**) is below the 24h high (**1,658.75**) but above the low (**1,565.59**).
- Resistance: **1,658.75** (24h high).
- Support: **1,565.59** (24h low).
2. **KDJ Indicator**
- **K (41.44) > D (27.59)**: Bullish crossover, but **J (65.13)** suggests potential overbought conditions.
- **Conclusion**: Short-term bullish momentum, but watch for reversal if **J > 80**.
3. **OBV (On-Balance Volume)**
- **-15,544.93**: Negative OBV indicates **distribution (selling pressure)**.
4. **Volume & Trend**
- High volume (**775.20M USDT**) suggests strong market activity.
- Price rejected at **1,658.75**, indicating resistance.
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### **Short-Term Outlook**
- **Bullish if**: Price reclaims **1,658.75** (target **1,700+**).
- **Bearish if**: Breaks below **1,600**, next support at **1,565.59**.
**Watch**:
- **MACD & RSI** (if available) for confirmation.
- **OBV reversal** for trend change.
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### **Actionable Insight**
- **Longs**: Only if price holds above **1,650** with rising OBV.
- **Shorts**: Consider if price drops below **1,600** with increasing volume.
**Updated**: 2025-04-21 11:55 UTC
