🚀 $ETH Technical Analysis July 12, 2025: PRICE STANDS AT $2,965.21 WITH BULLISH MOMENTUM 📈
📊 Market Insight • Current Price: 2,965.21 USDT • Moving Averages (MAs) show a bullish trend with MA(7) at 2,970.72, MA(25) at 2,800.61, and MA(99) at 2,571.41, indicating upward pressure. • Volume has risen to 652,369.45 ETH (24h Vol/USDT 1.94B), reflecting strong buying interest. • MACD shows a bullish trend. • RSI values are in the overbought territory (RSI(6): 65.05, RSI(12): 71.90, RSI(24): 71.33).
📊 Important Levels to Watch 🔼 Resistance Levels: 3,040.15 3,067.76 3,100.00 🔽 Support Levels: 2,923.32 2,859.87 2,651.99
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $3,040.15 ☑️ Entry Point: $3,045.00 (enter if price breaks above 3,040.15 with bullish momentum confirmation) 🎯 Price Target: TP1: $3,067.76 TP2: $3,100.00 🛑 Stop Loss: $3,030.00 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 3,040.15, an increase in volume, RSI(6) remaining above 65, and MACD showing a bullish crossover with DIF rising above DEA.
🐻 Bearish Trade Setup: Reversal below $2,923.32 ☑️ Entry Point: $2,920.00 (enter if price drops below 2,923.32 with bearish momentum confirmation) 🎯 Price Target: TP1: $2,859.87 TP2: $2,651.99 🛑 Stop Loss (SL): $2,930.00 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 2,923.32, a decline in volume, RSI(6) dropping below 60, and the MACD showing a bearish trend with DIF falling below DEA.
📌 Suggestion to Open Positions Today: The current price action indicates a strong bullish trend with significant volume and an overbought RSI, suggesting potential for further gains if $3,040.15 is breached. However, the high RSI suggests a possible pullback. Consider a long position with confirmation above $3,040.15, but use tight stop losses due to overbought conditions and volatility risk. A drop below $2,923.32 could signal a bearish reversal.
