Technical analysis $ETH (1H frame)

Time of analysis: 21:36 (UTC+7) on April 23, 2025

Time of post: 21:43 (UTC+7) on April 23, 2025

🔍 1. Trend overview

ETH is in a clear short-term uptrend after breaking the accumulation zone and rising sharply from around ~$1,535 to the peak of $1,838.

✅ EMA34 (1,735.58) is above EMA89 (1,672.46) and both are above EMA200 (1,639.10) ➤ confirms a short and medium-term uptrend.

✅ Current price ($1,795.30) is above all EMA lines ➤ buying pressure is still dominant.

📈 2. Technical indicators

🔸 RSI (Relative Strength Index)

RSI(30): 65.29, RSI(50): 63.52, RSI(70): 61.51 ➤ Still in the up zone, not overbought yet, but approaching the caution zone (70).

🔸 Stochastic RSI

Stoch RSI: 11.57 ➤ Extremely oversold zone, with a possibility of short-term reversal upwards.

📌 Indicator conclusion: Although RSI is high, Stoch RSI is oversold ➤ a slight pullback may have occurred or is about to end; the price may continue its uptrend after the correction.

🧠 3. Possible scenarios

✅ Scenario 1: Continue to rise (70%)

If the price holds above the support zone EMA34 ~ $1,735, ETH may test the peak of $1,838 again and break through towards the psychological levels of $1,900 – $1,950.

📌 Confirmation condition: 1H candle closes above $1,800 with increased volume.

⚠️ Scenario 2: Deeper correction (30%)

If the price breaks below EMA34 and selling volume increases sharply, ETH may correct towards the strong support zone near EMA89 ($1,672) or deeper at EMA200 ($1,639).

📌 Note: If Stoch RSI does not rebound in the next few sessions ➤ caution is needed regarding the possibility of short-term distribution.

🎯 4. Entry point suggestions

🔹 Safe buy order (buy on dip):

$1,735 - $1,745 (EMA34) ➤ short-term dynamic support zone.

$1,672 - $1,680 (EMA89) ➤ if it corrects deeper, it is a more attractive buying zone.

🎯 Profit target:

Short term: $1,838

Medium term: $1,900 - $1,950

📛 Stop Loss:

Break below $1,635 (EMA200) ➤ cut loss to preserve capital.

✅ Summary

Current trend: Short-term up.

Opportunity: Buy when the price corrects to EMA34 or EMA89.

Risk: RSI is approaching overbought territory, further confirmation is needed through price action.

Thank you:

Thank you for taking the time to follow the technical analysis of ETH/USDT. Your interest in data, indicators, and market trends shows seriousness in your investment journey. I greatly appreciate that and am always ready to accompany you in every decision-making step, from analyzing signals to risk management strategies.

Wishing you always maintain awareness, discipline, and a steady mindset amidst market fluctuations. Whether the market is 'green' bright or 'red' hot, remember that: success does not come from a single trade but from the process of perseverance and understanding yourself correctly. Wishing you effective, safe trading and achieving your financial goals! 💪📈

Disclaimer:

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

The cryptocurrency market is very volatile, and you should do thorough research before making investment decisions.

All investment decisions and risks arising from the use of the information in this article are the responsibility of the reader.

The data in this article is taken at the time of analysis.

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