📈 ETH Trade Setup – April 26, 2025

Current Price: $1,799.38

24h Change: +1.25%

7-Day Performance: +12.2%   

🔍 Technical Levels to Watch

• Immediate Resistance: $1,950 – $2,050

This zone has been identified as a significant resistance area, with a notable concentration of leveraged positions. 

• Support Levels: $1,666 and $1,580

These levels are considered key supports, with $1,666 being a critical threshold to maintain the current bullish outlook.

🧠 Market Sentiment & Strategy

• Bullish Indicators: The recent price surge is attributed to a reduction in macroeconomic fears, such as tariff-induced uncertainties, leading to increased risk appetite among traders. 

• Caution Advised: Despite the upward momentum, derivatives data suggest a cautious approach, as the market may face resistance and potential pullbacks. 

📌 Trade Idea (Short-Term)

• Entry Point: Around $1,800

• Target: $1,950

• Stop Loss: $1,666  

This setup aims to capitalize on the current bullish momentum while managing risk effectively.

Always trade with a clear risk management plan. No setup is guaranteed.

$ETH