Technical analysis of Ethereum (ETH) and trading recommendations on Binance for this week (July 6, 2025)
Technical analysis of ETH
Based on the information available from X posts and market analysis, here is a brief technical analysis of Ethereum (ETH) on the weekly and daily time frames:
1 Current situation on the weekly frame:
◦ According to recent posts on X, Ethereum seems to be at a critical stage. There are posts indicating that ETH may be in a corrective wave four within a wave pattern (like ABC or ABCDE) after bouncing from a low of around $881 in 2022. The potential target for this wave could be in the range of $2500-2600, but there are warnings of a potential drop to levels of $200-600 if the current support is broken.
◦ Another post indicates that ETH may have formed a lower high on the weekly frame, supporting the long-term bearish outlook, with a potential target for a new low below $881.
◦ However, there are positive short-term signals, as the market shows buyer activity at support levels, reflecting temporary bullish momentum.
2 Situation on the daily frame:
◦ The current price of ETH is trading around $2498 (as of June 30, 2025). The support level at $2413 has proven strong, as the price has not been able to break it, reinforcing the short-term positive outlook. The next near target is at $2585.
◦ The Relative Strength Index (RSI) on the daily frame has broken the downward trend line and is trading above the 50 level, indicating short-term bullish momentum.
◦ The current support area (around $2413-2450) is considered strong, and breaking it may lead to further weakness in the market.
3 Key technical levels:
◦ Support: $2413 (currently strong support), $2200, and $2000 (potential lower support levels).
◦ Resistance: $2585 (near target), $3000, and $3500 (key resistance levels).
◦ Moving averages: On the weekly frame, the relationship between the 50 and 200 moving averages is neutral, reflecting a lack of clarity in the long-term trend.
4 Other indicators:
◦ Trading volume: Buyer activity is strong at support levels, enhancing the likelihood of a short-term rebound.
◦ Fundamental momentum: There is optimism due to positive news about institutional adoption and increased investor interest in Ethereum, which may support prices in the medium term.
Trading recommendations on Binance for this week
Based on the analysis above, here are trading recommendations for ETH on Binance for the current week (July 6-12, 2025):
1 Long Buying Strategy:
◦ Entry point: At the current support level ($2413-2450) with confirmation of a bounce (like a strong bullish candle or an increase in trading volume).
◦ Target: $2585 (first target), with the possibility of targeting $2700-3000 if the bullish momentum continues.
◦ Stop Loss: Below $2400 to avoid significant losses in case of a support break.
◦ Reason: Short-term bullish momentum is supported by the RSI indicator and buyer activity, with strong support at $2413.
2 Short Selling Strategy:
◦ Entry point: At the resistance level of $2585 if the price shows signs of rejection (like a bearish candle or a decrease in trading volume).
◦ Target: $2413 (current support), with the possibility of targeting $2200 if the support breaks.
◦ Stop loss: Above $2600 to limit risks.
◦ Reason: The possibility of a downward correction if the price fails to break the resistance, with warnings of potential long-term declines.
3 Risk Management:
◦ Use low leverage (like 3x-5x) or avoid it altogether due to the volatility of the cryptocurrency market.
◦ Do not allocate more than 1-2% of capital to each trade to reduce risks.
◦ Watch for regulatory news and market movements, as they can significantly impact ETH.
4 Additional strategies on Binance:
◦ Automated trading: Use trading bots on Binance to execute short-term strategies based on technical signals.
◦ Staking: If you prefer to hold the coin, you can take advantage of the Binance Zero Investment Staking program to earn passive income without trading risks.
◦ Peer-to-peer (P2P) trading: To reduce fees, you can use the P2P feature to buy or sell ETH directly.
Warnings:
• The cryptocurrency market is highly volatile, and regulatory news or market developments can affect prices suddenly.
• The analyses mentioned rely on X posts and web information, but they are not fully confirmed. Always check the data yourself before making trading decisions.
• Carefully monitor the mentioned support and resistance levels, and adjust your strategy based on daily price movements.
If you need deeper analysis or additional details about Binance tools or specific strategies, please request it!