Technical analysis $ETH (1H frame)

Analysis time 21:41 (UTC+7) on April 22, 2025

Post time 21:51 (UTC+7) on April 22, 2025

1. Overall trend 🧭

Currently, ETH is in a short-term recovery trend after a sharp drop to the $1,535.00 area. Signals from the EMA line and the momentum indicator indicate that the upward momentum may continue in the short term:

✅ EMA34 (1,608.44) < Current price (1,648.16) → indicates that the price has risen above the dynamic resistance.

✅ EMA89 (1,603.46) and EMA200 (1,604.65) are both below the current price → indicating that an uptrend is gradually forming, at least in the short term.

✅ The price has surpassed the nearest local peak of $1,658.00 and is approaching this area again.

2. Momentum Indicator 🔍

Stoch RSI: Hits 100 → overbought area, short-term adjustment possibility.

RSI(30): 60.37, RSI(50): 56.70, RSI(70): 54.78 → still in the neutral zone, not too hot. However, pay attention if RSI exceeds 70 in the next session.

3. Possible scenarios 📊

Scenario 1: Continuation of the upward trend

Condition: Price maintains above the $1,635 - $1,640 area and breaks through the $1,658 peak.

Target: $1,675 → $1,690.

Confirmation signal: Candle closes above $1,658 with increasing volume.

Scenario 2: Technical correction then rise again

Condition: RSI/Stoch RSI overbought → profit-taking pressure.

Strong support zone: $1,608 - $1,615 (coincides with EMA34).

If the price reacts positively here (pinbar/hammer candle, low volume) then it is an opportunity to re-enter the uptrend.

Scenario 3: Break support → reverse direction

Condition: Price breaks below $1,600 and closes below EMA200.

Target drop: back to $1,550 → $1,535.

Probability: Low, unless there is negative news or BTC experiences a sharp correction.

4. Entry point suggestion 🎯

Place a buy order (Buy)

Waiting zone: $1,615 – $1,625 (if there is a correction).

SL: $1,590 (below EMA200, safe).

TP1: $1,658 (nearest resistance zone).

TP2: $1,690 (expansion target).

👉 If the price breaks straight through $1,658 without correction, you can look to Buy when the price pulls back to test the $1,655 – $1,660 area.

Do not chase buys at this time, as Stoch RSI is overbought, easily subject to short-term correction.

🔚 Conclusion

ETH/USDT shows clear signs of recovery after a sharp decline, with the current price rising above key EMA lines – signaling that short-term upward momentum may continue. However, indicators like Stoch RSI show that the market is in the overbought zone, so the possibility of a technical correction still exists.

The reasonable strategy at this time is:

Do not chase buys.

Buy around the correction zone of $1,615 – $1,625 when there is a confirmation signal.

Or wait for a clear breakout above $1,658, then enter when the price pulls back and tests that area.

Tight risk management with SL below $1,590 to avoid false bullish traps. In the context of a sensitive market, prioritize maintaining patience and waiting for clear signals before acting.

📌 If you have a buy order, you may continue to hold, but need to closely monitor price reactions around the $1,658 area – this is the decisive level for the next trend.

Thank you:

I sincerely thank you for taking the time to follow this analysis. Making trading decisions in the crypto market always requires alertness, knowledge, and a clear strategy. I greatly appreciate your trust in referring to this analysis as part of your evaluation and trading plan development. Each signal on the chart tells a story, and I always strive to convey it as clearly, realistically, and deeply as possible.

I wish you always maintain a cool head, a stable mindset, and discipline in every decision. No matter how volatile the market is, as long as you stick to your strategy and manage risks well, profits will come as a deserving reward for your patience and efforts. Wishing you safe, effective trading and continuous skill improvement every day! 🚀📈

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 article's data was taken at the time of analysis.

#ETH #FutureTarding #ETHFuture #Write2Earn