ETH Crypto Futures Trade Plan 2025-04-28

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Technical Analysis Synthesis:

Price Position Relative to Moving Averages:

The current price of ETH ($1,797.99) is above the SMA (20) ($1,668.84) and SMA (50) ($1,791.64), but significantly below the SMA (200) ($2,734.95). This indicates a potential bullish short-term trend but a bearish long-term trend. RSI Readings:

The RSI (14) is at 55.02, which is in the neutral zone, neither overbought nor oversold. This suggests that there is room for price movement in either direction. Bollinger Bands:

The price is below the upper Bollinger Band ($1,870.66) and above the lower band ($1,467.01), with the middle band at $1,668.84. The bands are relatively wide, indicating higher volatility. Key Support/Resistance Levels:

Support levels are identified around $1,668.84 (SMA 20) and $1,467.01 (Lower Bollinger Band). Resistance levels are around $1,870.66 (Upper Bollinger Band) and $2,734.95 (SMA 200).

Market Sentiment Integration:

Market Sentiment: