ETH Crypto Futures Trade Plan 2025-04-18
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Trading Rules:
Given the provided market insights, I will follow the structured steps precisely to develop a comprehensive crypto futures trade plan for ETH.
Required Analysis Steps:
Technical Analysis Synthesis:
Price Position Relative to Moving Averages: The current price of $1,593.95 is below the SMA (20) at $1,666.91, SMA (50) at $1,889.23, and SMA (200) at $2,771.85. This indicates a bearish trend. RSI Readings: The RSI (14) at 40.46 suggests that ETH is not in overbought or oversold conditions but is leaning towards being oversold, which could indicate a potential reversal or consolidation. Bollinger Band Position and Width: The price is below the middle Bollinger Band ($1,666.91) and above the lower band ($1,420.40), suggesting volatility and potential for further movement towards the bands' edges. Key Support/Resistance Levels: Recent highs and lows suggest support around $1,420 and resistance around $1,913. Market Sentiment Integration: