🚀 $ETH Technical Analysis July 03, 2025: PRICE STANDS AT $2,558.63 WITH BULLISH MOMENTUM 📈
📊 Market Insight • Current Price: 2,558.63 USDT • Moving Averages (MAs) indicate a bullish trend. • Volume has increased significantly (10,216.304 ETH), suggesting strong market activity and robust buying pressure. • MACD shows a bullish trend. • RSI values are in the neutral to slightly overbought territory.
📊 Important Levels to Watch 🔼 Resistance Levels: 2,619.28 2,631.60 2,700.00 🔽 Support Levels: 2,450.99 2,373.00 2,360.68
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $2,619.28 ☑️ Entry Point: $2,620.00 (enter if price breaks above 2,619.28 with bullish momentum confirmation) 🎯 Price Target: TP1: $2,631.60 TP2: $2,700.00 🛑 Stop Loss: $2,610.00 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 2,619.28, an increase in volume, RSI(6) rising above 60, and MACD showing a bullish crossover with DIF rising above DEA.
🐻 Bearish Trade Setup: Reversal below $2,450.99 ☑️ Entry Point: $2,445.00 (enter if price drops below 2,450.99 with bearish momentum confirmation) 🎯 Price Target: TP1: $2,373.00 TP2: $2,360.68 🛑 Stop Loss (SL): $2,460.00 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 2,450.99, a decline in volume, RSI(6) dropping below 50, and the MACD showing a bearish trend with DIF falling below DEA.
📌 Suggestion to Open Positions Today: The bullish MACD, rising volume, and price action above key moving averages suggest a potential upward movement. A breakout above $2,619.28 could target $2,631.60 or higher, while a reversal below $2,450.99 might indicate a pullback toward $2,373.00. Given the current bullish momentum and nearing overbought RSI levels, a cautious bullish approach is favored, but wait for confirmation signals before entering trades. Tight stop losses are recommended due to market volatility.
