#MarketSentimentToday
🔥 $ETH ETH/USDT – Daily Price Action (April 24, 2025)📉 TODAY's ENTRY AND EXIT!
Bounced from a local bottom $1,385
Today's candle is large and bullish — early reversal signs
Price has closed above MA(7) but is still below MA(25) and MA(99)
Weekly chart confirms the bounce is happening from a major support zone
🧪 Indicators
Moving Averages
MA(7): $2,120.86 → Now attempting to reclaim
MA(25): $2,432.67 and MA(99): $3,120.44 act as major resistance ahead
Below medium/long-term trend lines → still in downtrend
Volume
Today’s volume is significantly higher than the last 5–7 days
This confirms that buyers are stepping in with strong interest
MACD
MACD histogram is green for the first time in weeks
MACD line and signal line are curling upward → momentum shift toward bulls
RSI
RSI(6) is at 23.44 → oversold, bouncing up
RSI(12) is at 29.17 → still under 30, so more upside room
RSI supports the bounce thesis and entry for day traders
🎯 Trade Setup (April 24, 2025)
Bias
Bullish for intraday and short-term trades
This is a momentum bounce setup, not a long-term reversal yet
Entry (Buy )
Enter on pullback to $1,700–$1,720
See bullish candlestick confirmation on 15m or 1H charts before entry
Stop Loss
Place SL below $1,670
If price breaks below this, structure is invalidated and price retest $1,600
Profit Targets
TP1: $1,790 → today’s high and intraday resistance
TP2: $1,840 → psychological resistance + minor supply zone
TP3: $1,950 (swing target) → gap-fill zone from the last breakdown
Trailing Stop
After TP1, move stop loss to breakeven or higher
Trail profits to capture any surprise breakout toward $2K
⚠️ Risk
ETH is still in a macro downtrend — this move is likely a relief rally
Strong resistance is expected near $1,840–$1,950
Be quick to lock profits or trail stops
✅ Summary
ETH is bouncing from key support with volume and RSI confirmation
Entry zone: $1,700–1,720
Stop loss: $1,670
Targets: $1,790 / $1,840 / $1,950
Ideal for short-term trades