$ETH

Price action & moving averages: ETH is consolidating between the short-term EMAs (~7/25), currently just below resistance at $2,437–$2,463

Oscillators: RSI is close to 70 (overbought), and MACD is positive—momentum is bullish but showing signs of slowing .

Chart structure: The market is within a descending channel. Resistance near $2,420 continues to cap upside, while support around $2,380 (EMA99) is a key pivot

Trade Setups (From Binance Square)
Bearish plan

Short entry: $2,408–2,412

Targets: $2,385 & $2,360

Stop-loss: $2,424 (above $2,420 resistance)

Bias: Downtrend remains intact while price stays below $2,420


Bullish counter
Long entry: $2,405–2,410 (bounce from ~$2,386 support)

TPs: $2,429 & $2,445
SL: $2,384

Trigger: Breakout above $2,414 opens the door to upside

⚖️ Mid-Term Outlook

Neutral to neutral-bearish: TradingView’s indicators show a neutral daily and weekly trend, but a sell signal on the monthly timing .

Key resistance levels: $2,550–$2,600 remains critical—failure to reclaim this zone could lead to a deeper drop toward $2,300–$2,227