Ethereum Analysis, April 18, 2025
Etherium on M30 is currently in a sideways to bearish condition. An uptrend was formed from April 13-15, but began to experience a sharp correction and failed to maintain the highest level. It can be seen that the price is now moving below the Moving Average line, indicating a medium-term downtrend tendency.
The MA also looks like it is starting to curve down, adding to the bearish pressure. No new higher highs have formed since April 15, and the price continues to move in a narrow range. Several small candlesticks with narrow bodies and short shadows are seen dominating the last area of the chart, indicating minimal volume and volatility ? common conditions before a breakout. There are no significant reversal candlestick patterns (such as hammers or engulfing), but a consolidation pattern is seen in the 1575-1585 area.
Trading recommendations Entry buy after a valid breakout above 1615, with strong candles and high volume. Target: 1645 - 1670 and Stop loss: Below 1580