$ETH

Hey Binance traders! Let’s break down the latest ETH/USDT 1-day chart as of April 2025. Here’s what you need to know:

Price & Trend 📊

Current Price: $1,794.81 (+1.42%)Price is above EMA(9) at $1,722.03 and EMA(21) at $1,706.85, showing short-term bullish momentum. 💪

But it’s still below EMA(50) at $1,870.44 and EMA(200) at $2,503.28, confirming a longer-term bearish trend. 📉Key Levels to Watch 🔍

Resistance: $1,957.62 (recent high). A break above with strong volume could target $1,870.44 (EMA(50)).

Support: $1,385.05 (recent low) and $1,349.09.Price recently dropped from $2,104.11 to $1,385.05 before recovering to $1,794.81.

Volume 📈

Volume: 85,271.6883 ETH, but below MA(5) at 630,986.0412 and MA(20) at 716,542.9538.Low volume suggests weak buying pressure—watch for confirmation on any breakout. 👀

Indicators

⚙️MACD: Positive at 60.97, but Diff (-166.42) and DEA (-229.39) are negative, hinting at fading momentum.

RSI: RSI(7) at 67.31 (nearing overbought), while RSI(14) at 45.33 (neutral). Be cautious of a potential pullback.

Trading Signal 🔔

Bullish: Price above EMA(9) and EMA(21) supports short-term upside.

Bearish: Low volume, price below EMA(50) and EMA(200), and mixed MACD signals suggest caution.

Action: Wait for a breakout above $1,957.62 with high volume to buy. If price drops below $1,722 (EMA(9)), consider a sell.

What’s your take, Binance fam? Are we heading for a breakout or a pullback? Drop your thoughts below! 👇

#ETHUSDT #Binance #CryptoTrading #TechnicalAnalysis