Market Forecast Update for Ethereum and Other Key Assets – May 1, 2025

On May 1, 2025, Ethereum surged past $1,800, with prospects of reaching $1,900. Meanwhile, the EURCAD is bearish, heading towards 1.5515. Natural gas remains stable around $3.400 while the EURJPY holds support above its moving average, eyeing 163.25 as a key resistance. There’s a mixed trading outlook across these assets, with specific pointers for day traders.

As of May 1, 2025, Ethereum (ETH) has shown positive momentum, managing to settle above the crucial resistance level of $1,800. This move indicates a potential breakout, with hopes that a strong close above this point will confirm its bullish trend. The price performance remains supported by its position above the 50-day Exponential Moving Average (EMA) and positive signals appearing on the Relative Strength Index (RSI).

Looking ahead, analysts are optimistic about ETH’s potential rise in the short term, with expectations set for a target of $1,900, provided it maintains its stability above the $1,800 threshold. The anticipated trading range for Ethereum today stretches between a support level at $1,750 and a resistance level at $1,865. For those seeking trading guidance, the Economies.com VIP Club offers extensive market analysis and support.

In other market news, the EURCAD currency pair has displayed a bearish trend, struggling below the resistance level of 1.5865. After closing negatively multiple times, the pair has now found itself around the 1.5600 level, pressured by a downturn in stochastic indicators. A breach of the support level at 1.5515 could lead to further declines towards key support stations at 1.5425 and 1.5350.

Today’s expected trading range for EURCAD is between 1.5515 and 1.5660, pointing to a bearish outlook overall. Any traders looking for help can join the Economies.com VIP Club for expert guidance and market insights.

Turning to natural gas, prices have failed to sustain a bullish trend, currently stabilising near the $3.400 mark. The price seems subject to sideways trading, with potential for a slight negative rebound targeting the $2.280 level before any renewed attempts at a bullish recovery. Conversely, if prices rally above $3.480 with a solid close, it would signal a return to bullish momentum, aiming for main targets near $3.540 and $3.610.

The expected range for natural gas today lies between $3.280 and $3.450, reflecting a fluctuation in the market. For those needing trading direction, joining Economies.com VIP Club can provide essential insights and signals.

Lastly, the EURJPY has managed to hold its ground against recent negative pressures, sustaining above the 55-day moving average at 161.40, which serves as a vital support level. The focus now shifts to an important resistance level at 163.25. A breakthrough here would be crucial for restoring a bullish outlook, potentially leading to further gains starting at 164.10 and 164.80.

Today’s expected trading range for EURJPY is 162.00 to 164.10, suggesting a bullish forecast for the session. Traders interested in refining their strategies may consider joining the Economies.com VIP Club for expert analysis and recommended trading signals.