🚀 $ETH Technical Analysis July 08, 2025: PRICE STANDS AT $2,543.08 WITH NEUTRAL MOMENTUM 📊
📊 Market Insight • Current Price: 2,543.08 USDT • Moving Averages (MAs) show a neutral trend with MA(7) at 2,536.51, MA(25) at 2,548.85, and MA(99) at 2,533.53, indicating a lack of clear short-term direction. • Volume has increased to 316,615.80 ETH (24h Vol/USDT 805.91M), suggesting moderate market activity. • MACD shows a bearish trend with DIF at -4.28 and DEA at -3.76. • RSI values are in the neutral territory (RSI(6): 56.50, RSI(12): 50.14, RSI(24): 50.02).
📊 Important Levels to Watch 🔼 Resistance Levels: 2,588.42 2,600.00 2,650.00 🔽 Support Levels: 2,512.00 2,500.00 2,480.00
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $2,588.42 ☑️ Entry Point: $2,590.00 (enter if price breaks above 2,588.42 with bullish momentum confirmation) 🎯 Price Target: TP1: $2,600.00 TP2: $2,650.00 🛑 Stop Loss: $2,580.00 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 2,588.42, 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 $2,512.00 ☑️ Entry Point: $2,510.00 (enter if price drops below 2,512.00 with bearish momentum confirmation) 🎯 Price Target: TP1: $2,500.00 TP2: $2,480.00 🛑 Stop Loss (SL): $2,520.00 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 2,512.00, 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 neutral trend with moderate volume and a bearish MACD. A breakout above $2,588.42 could target $2,600.00, while a drop below $2,512.00 may lead to a decline toward $2,500.00. Given the mixed signals, consider entering a position with strong confirmation and use appropriate stop losses due to potential volatility.
