Ethereum Analysis, April 21, 2025
In general, the trend on the Ethereum chart on the M15 timeframe shows a change from a sideways phase to a fairly strong bullish trend. At the beginning of the chart, the price moved horizontally around the moving average. After that, there was selling pressure that brought the price down below the MA, indicating a temporary bearish phase. However, this trend did not last long; the price then reversed direction and moved sharply up, confirming the trend change to bullish.
Currently, the best recommendation is to prepare for a buy on weakness entry. Schemes that can be used include Waiting for the price to approach the support area of 1610?1605 and seeing candlestick reactions such as bullish pin bars or bullish engulfing in that area.