ETH Crypto Futures Trade Plan 2025-05-02

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Technical Analysis Synthesis:

Evaluating the current ETH market data, the price of $1,840.75 is above the 20-day SMA ($1,717.77) and the 50-day SMA ($1,785.66), but significantly below the 200-day SMA ($2,720.63). This indicates a potential long-term downtrend but a short-term uptrend. The RSI (14) of 58.37 is not in overbought or oversold territory, suggesting room for movement in either direction. The MACD is above its signal line, indicating a bullish signal. Bollinger Bands show the price is closer to the lower band, suggesting potential support.

Market Sentiment Integration:

Recent news impact and on-chain metrics are not provided, but the funding rate of 0.0001% is very low, suggesting minimal speculation or leverage in the market, which could indicate a neutral or bearish sentiment. Open interest data is not available.

Directional Determination: