Ethereum (ETH/USDT) Technical Analysis (April 29, 2025)
🔵 Trend Analysis:
Overall trend remains bearish on the daily timeframe.
ETH is trading below the Ichimoku Cloud, indicating continued downward pressure.
The price is struggling around $1,790, facing strong resistance and unable to break into bullish territory.
🌫️ Ichimoku Cloud Insight:
...
🟩 Demand Zone & Institutional Order Flow (Bullet Format)
Demand Zone 1: $0.01984 – $0.02051
↳ Active accumulation zone with visible order flow support
Strong Support: $0.01859
↳ Critical price defense for sustaining bullish structure
Demand Zone 2: $0.01754 – $0.01294
↳ Long-term high-demand area with historical buy-side interest
Price is currently...
FIB Level to watch: Measured from swing high $6.116 to low $2.476, we have the following retracement zones:
Level
Price
0.236
$3.335
0.382
$3.866
0.5
$4.296
0.618
$4.726
0.786
$5.138
RSI (14): Bullish but Not Overheated
Current RSI: 47
RSI(Daily) - 61
Recent High: 66.11
Interpretation: Momentum is strong but not yet overbought, offering...
