ETH/USD BUY Recommendation 1620-1625 – April 21, 2025🔔 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!
