🔔 ETH/USD BUY Recommendation – April 21, 2025
(Based on short-term technical analysis)
📌 Current Price: 1,625 USD
✅ Entry Zone: Around 1,625 – 1,618 USD
🔰 Stop Loss: Below the strong support zone at 1,608 USD
🎯 Take Profit Target 1: 1,774 USD
🎯 Take Profit Target 2: 1,826 USD
📈 Risk:Reward Ratio: Approximately 4:1 – 5:1
🧠 Technical Analysis:
ETH has broken above the 50 and 100 Moving Averages, signaling a bullish momentum after a consolidation phase.
The breakout candle on April 21 was supported by a strong spike in volume, confirming renewed buying interest.
The 1,618 – 1,608 USD zone is a key support area and previous local bottom.
The 200 MA (black curve) is still sloping downward but remains at a safe distance, allowing room for short-term upside.
📣 Trading Strategy:
Traders may consider opening a Long position around 1,618 – 1,625 USD, targeting the resistance zones at 1,774 USD and potentially 1,826 USD.
Apply strict risk management; avoid risking more than 2% of your portfolio on a single trade.
⚠️ Note: The crypto market is highly volatile — stay updated to adjust your trading plan. This is best suited for short-term Swing Trading over 3–5 days.
FL me now! Gook Luck!
(Based on short-term technical analysis)
📌 Current Price: 1,625 USD
✅ Entry Zone: Around 1,625 – 1,618 USD
🔰 Stop Loss: Below the strong support zone at 1,608 USD
🎯 Take Profit Target 1: 1,774 USD
🎯 Take Profit Target 2: 1,826 USD
📈 Risk:Reward Ratio: Approximately 4:1 – 5:1
🧠 Technical Analysis:
ETH has broken above the 50 and 100 Moving Averages, signaling a bullish momentum after a consolidation phase.
The breakout candle on April 21 was supported by a strong spike in volume, confirming renewed buying interest.
The 1,618 – 1,608 USD zone is a key support area and previous local bottom.
The 200 MA (black curve) is still sloping downward but remains at a safe distance, allowing room for short-term upside.
📣 Trading Strategy:
Traders may consider opening a Long position around 1,618 – 1,625 USD, targeting the resistance zones at 1,774 USD and potentially 1,826 USD.
Apply strict risk management; avoid risking more than 2% of your portfolio on a single trade.
⚠️ Note: The crypto market is highly volatile — stay updated to adjust your trading plan. This is best suited for short-term Swing Trading over 3–5 days.
FL me now! Gook Luck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.