ETH Crypto Futures Trade Plan 2025-05-01

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Technical Analysis Synthesis:

The current price of ETH ($1,828.29) is above the 20-day SMA ($1,695.36) and the 50-day SMA ($1,787.39), indicating a short-term bullish trend. However, it is below the 200-day SMA ($2,728.34), which suggests a long-term bearish trend. The RSI (14) is at 57.41, which is in the neutral zone, indicating no overbought or oversold conditions. The MACD is above the signal line, indicating a bullish trend. The Bollinger Bands are widening, indicating increased volatility. The upper band is at $1,894.16, and the lower band is at $1,496.56, providing key resistance and support levels.

Market Sentiment Integration:

The funding rate (0.0001%) is low, indicating a neutral market sentiment. The recent news impact on price action has been minimal. On-chain metrics suggest a moderate level of bullishness, with an increase in network activity and transactions. Open interest is not available, but the cumulative volume in the last week was 10.33M, indicating a moderate level of market participation.

Directional Determination: