### **ETH/USDT Trading Signal Analysis & Confirmation (Apr 29, 2025)**
#### **Current Market Snapshot**
- **Price**: **$1,827.70** (+1.30% 24h).
- **Key Levels**:
- **Resistance**: **$1,828.89** (24h High).
- **Support**: **$1,744.71** (24h Low).
- **Moving Averages**:
- **MA(7)**: **1,813.43** (short-term bullish).
- **MA(25)**: **1,801.14** (dynamic support).
- **MA(99)**: **1,795.86** (long-term trend anchor).
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### **Signal Confirmation & Strategy**
#### **1. Bullish Breakout Validated**
- **Reason**: Price sustains above **$1,800** and **all key MAs**, aligning with Binance news.
- **Volume**: **1.00B USDT** 24h volume supports liquidity.
#### **2. Entry & Targets**
- **Optimal Entry**: **$1,810–1,820** (near MA7 or minor pullback).
- **Targets**:
- **Take Profit 1**: **$1,828.89** (24h high).
- **Take Profit 2**: **$1,857.47** (next resistance from historical data).
- **Stop Loss**: **$1,790** (below MA25 to avoid false breakout).
#### **3. Risk Management**
- **Risk/Reward**: ~1:2 (SL at $1,790, TP1 at $1,828).
- **Caution**: Low 24h gain (+1.30%) suggests momentum needs volume confirmation.
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### **Key Indicators to Watch**
1. **MACD/Volume**: Spike in buys could push price to **$1,857**.
2. **Order Book Imbalance**: Buy pressure at **54.86%** vs. sells at **45.14%** (slight bullish skew).
3. **Timeframes**: Monitor **4H/1D charts** for consolidation signs near $1,828.
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### **Conclusion**
**Action**: **BUY** on dips to **$1,810–1,820** with strict SL.
**Outlook**: Bullish above $1,800, but resistance at $1,828 may trigger short-term profit-taking.
**Signal Strength**: ✅ **Confirmed** (Price + MAs + Volume alignment).
🚀 **Trade safe!** Track volume and avoid overleveraging.
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**$ETH #Ethereum #TradingSignals **
*(Data as of 29 Apr 2025, 08:30 UTC)*
