1. Current Status

• Latest Price: $3541.39
• Current Signal: Buy
• Signal Date: May 1, 2025
• Signal Return: +92.53%

2. Technical Overview

✅ Price Action

• ETH has rebounded strongly from lows around ~$1254, now reaching $3541.
• The recent move shows a steep rise, breaking above previous consolidation near $2629.

✅ Moving Averages

• The price has crossed above major moving averages:
• Green line (possibly long-term MA) now lies below the current price, suggesting regained bullish momentum.
• The slope of moving averages is turning upward, supporting the current buy signal.

✅ MACD (Bottom Panel)

• The Quantitative MACD histogram is green and expanding, indicating bullish momentum.
• The yellow MACD line is crossing above the white signal line, confirming upside strength.
• Both lines are approaching or exceeding the +1.0 threshold, showing overbought conditions but not yet extreme.

✅ Historical Signal Performance

• Previous long signals produced substantial gains, but also faced mid-term corrections after peaks.
• The current +92.53% return suggests this trend has already extended significantly.

3. Key Levels

Level Type Price

Resistance 1 $4003 – previous peak zone

Resistance 2 $4462 – next major structural resistance

Support 1 $3087 – prior breakout level

Support 2 $2629 – consolidation support

4. Near-Term Outlook

📈 Bullish Continuation

• With the breakout above moving averages and the MACD in bullish alignment, near-term continuation towards $4000-$4460 is probable.

⚠️ Risks & Caution

• Current price is nearing overbought MACD territory. Sharp gains like the recent move often attract profit-taking.
• Failure to hold above $3087 may trigger a retest of $2629 as a strong support.

5. Strategic Considerations

• For Long Holders: Maintain positions with a trailing stop near $3087, targeting the $4000-$4460 zone.
• For New Entries: Wait for potential pullbacks towards $3087-$3200 for better risk/reward entries.
• For Short Sellers: No short setups are recommended until bearish divergence or sell signals appear on your system.

6. Macro Context (Ethereum)

• ETF Approval Speculations and continued DeFi/NFT on-chain activity could fuel further rally.
• Bitcoin’s momentum often influences ETH; ensure BTC maintains strength above its recent highs to validate the ETH trend continuation.

7. Final Conclusion

✅ Bias: Bullish with caution

✅ Trend: Strong uptrend confirmed by system signals

✅ Action: Hold existing longs, add on pullbacks, watch for exhaustion near $4000-$4460.