ETH/USDT Futures Trading Update (April 23, 2025)
ETH is currently trading at $1,794.80, showing a +5.61% increase in the last 24 hours. After hitting a low of $1,761.62, the price rebounded and is testing short-term resistance.
Technical Insights:
MA(7) and MA(25) are converging, suggesting potential volatility.
MA(99) is acting as support (~$1,780).
Volume remains relatively low after the initial spike, signaling caution.
Prediction: If ETH holds above $1,780, we may see a push toward $1,816 or higher. However, a drop below $1,773 could bring a retest of $1,750 support.
Tips for Futures Traders:
Use Tight Stop-Losses: Current volatility demands careful risk control.
Watch Volume: Lack of volume may weaken upward momentum.
Follow MA Crossovers: A bullish crossover could signal a stronger upward move.
Don't Overleverage: Protect your capital—wait for confirmation before entering big positions.
