Ethereum has shown strong momentum recently, pushing above $1830, but price action is now showing signs of potential exhaustion.
The chart suggests a possible short-term peak near $1882, followed by a significant bearish move.
My analysis points to the following scenario:
ETH may attempt a minor push upward, potentially testing $1882.
After that, strong bearish momentum could take over.
Key support targets include:
$1705
$1586
Final target around $1458
Important Notes:
Multiple major U.S. economic events are scheduled for early May (highlighted on the chart), which may drive sharp market moves.
Traders should be cautious and wait for confirmation before entering short positions.
The chart suggests a possible short-term peak near $1882, followed by a significant bearish move.
My analysis points to the following scenario:
ETH may attempt a minor push upward, potentially testing $1882.
After that, strong bearish momentum could take over.
Key support targets include:
$1705
$1586
Final target around $1458
Important Notes:
Multiple major U.S. economic events are scheduled for early May (highlighted on the chart), which may drive sharp market moves.
Traders should be cautious and wait for confirmation before entering short positions.
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.
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.