#ETH Today's Pro Futures Trading Plan – ETHUSDT - April 28, 2025
• Trade Direction:
Bullish (Long Bias) — Following the recent higher low and higher high formation with price trading above the 25-day MA.
• Entry Zone:
• $1,775 – $1,785
(Prefer entry around the 7-day MA support at ~$1,785.64)
• Stop-Loss:
• $1,745
(Below recent support and 24h low at $1,750.99 to allow some volatility margin)
• Risk/Reward Ratio:
• Minimum 1:2
• Profit Targets:
• Target 1: $1,814 (Recent 24h High)
• Target 2: $1,835 (Psychological and minor structural resistance)
• Target 3: $1,865 (Extension target if strong momentum continues)
• Strategy Explanation:
The price action shows a recovery from a local bottom ($1,384) and is sustaining above key short-term moving averages. Volume profile indicates declining sell pressure. A retest of the local moving average support zone offers an optimal risk-controlled long opportunity targeting recent highs and minor resistance levels above.
• Market Sentiment Overview:
Neutral to Slightly Bullish — ETH is attempting to build a base above mid-term moving averages; however, broader momentum remains tentative due to larger downtrend structure (MA(99) still sloping down). Traders should be cautious and flexible.
• Invalidation Level / Caution Note:
If price breaks and closes below $1,745 on the daily timeframe, bullish thesis is invalidated. Increased selling pressure would suggest potential retest of $1,700 or lower.
Disclaimer: Futures trading is highly risky. This analysis reflects my personal view and is not financial advice. Always do your own due diligence.