🚀 $ETH Technical Analysis July 05, 2025: PRICE STANDS AT $2,518.61 WITH BEARISH MOMENTUM 📉

📊 Market Insight

• Current Price: 2,518.61 USDT

• Moving Averages (MAs) show a bearish crossover.

• Volume has increased to 352,868.33 ETH (24h Vol/USDT 883.84M), suggesting moderate selling activity.

• MACD shows a bearish trend with DIF at -3.98 and DEA at -6.42.

• RSI values are in the neutral territory (RSI(6): 51.32, RSI(12): 48.05, RSI(24): 47.17).

📊 Important Levels to Watch

🔼 Resistance Levels:

2,524.45

2,582.60

2,640.74

🔽 Support Levels:

2,474.24

2,466.31

2,413.57

💡 TRADE PLANS:

🐂 Bullish Trade Setup: Breakout above $2,524.45

☑️ Entry Point: $2,525.00 (enter if price breaks above 2,524.45 with bullish momentum confirmation)

🎯 Price Target:

TP1: $2,582.60

TP2: $2,640.74

🛑 Stop Loss: $2,520.00 (below the resistance to manage risk)

⚠️ Confirmation: Look for a strong bullish candle close above 2,524.45, 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 $2,474.24

☑️ Entry Point: $2,473.50 (enter if price drops below 2,474.24 with bearish momentum confirmation)

🎯 Price Target:

TP1: $2,466.31

TP2: $2,413.57

🛑 Stop Loss (SL): $2,478.00 (above the current support)

⚠️ Confirmation: Watch for a strong bearish candle close below 2,474.24, a decline in volume, RSI(6) dropping below 40, and the MACD showing a bearish trend with DIF falling below DEA.

📌 Suggestion to Open Positions Today:

The current price action indicates a bearish trend following a recent pullback, with RSI in neutral territory and a bearish MACD. A breakout above $2,524.45 could signal a potential reversal targeting $2,582.60, while a drop below $2,474.24 may lead to further decline toward $2,466.31. Given the bearish momentum, a cautious approach is advised. Wait for confirmation signals and use tight stop losses due to volatility.

#Ethereum #ETHETFsApproved #dailyearnings #signaladvisor #ETH