๐๏ธ Date :-July 13,2025
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๐ Key Observations:
1๏ธโฃ Current Price: $2,954.15 (โผ -0.22% in 24h) โ consolidating after a strong rally.
2๏ธโฃ EMAs:
EMA(7): $2,841.72
EMA(25): $2,643.18
EMA(99): $2,452.83
๐ Price is well above all EMAs, showing a strong bullish trend.
3๏ธโฃ Overbought Indicators:
RSI(6): 83.22 (๐จ extremely overbought)
Stoch RSI: 97.39 (MA: 98.61) โ near maximum.
4๏ธโฃ 24h Range:
Low: $2,903.85
High: $2,979.78
5๏ธโฃ Volume:
24h Vol (ETH): 331,312.43
24h Vol (USDT): $975.07M
Volume is strong but slowing compared to earlier surge.
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๐ก Interpretation:
โ ETH remains bullish above EMAs, but overbought indicators + tight range suggests caution.
โ ๏ธ Current consolidation after hitting $3,040.15 high could lead to a short-term pullback.
๐ Key Levels:
Resistance: $2,979.78 โ $3,040.15
Support: $2,903.85 โ $2,841.72 (EMA7)
๐ Divergence: High RSI & StochRSI while price flattens โ risk of minor correction.
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๐ฎ Price Prediction:
๐ Short-term (24โ48h):
Possible pullback to $2,880โ$2,840 (support zone).
If $2,979 breaks with volume, rally could extend to $3,050โ$3,100.
๐ Medium-term (1โ2 weeks):
Staying above EMA(25) ($2,643) keeps bullish momentum alive.
Targets: $3,100โ$3,200 after consolidation.
Break below EMA(7) ($2,841) risks deeper retrace to $2,643โ$2,452.
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๐ Trade Plan
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๐ Scenario 1: Pullback Buy (Optimal)
๐ฏ Entry: $2,880โ$2,840 (support area).
๐ Stop-Loss: $2,820.
๐ฏ Targets:
TP1: $2,954 (current high)
TP2: $2,979 (24h High)
TP3: $3,040.
๐ Risk-Reward: ~1:3
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๐ฅ Scenario 2: Breakout Trade (Low Conviction)
๐ฏ Entry: Daily close above $2,979.78 with high volume.
๐ Stop-Loss: $2,940.
๐ฏ Targets: $3,050 โ $3,100.
๐ Wait for RSI to cool below 75 before aggressive long.
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๐ป Scenario 3: Short-Term Short (High Risk)
๐ฏ Entry: $2,975โ$2,985 (near resistance, RSI rejection).
๐ Stop-Loss: $3,010.
๐ฏ Targets: $2,903 โ $2,880.
๐ Look for reversal pattern on 1H chart.
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โ๏ธ Risk Management:
๐ Position Size: โค1.5% of capital.
๐ Leverage: Max 3x.
๐ Exit:
Trail SL after +3% profit.
Close longs if $2,841 breaks with volume.
๐ Watch Bitcoin & Nasdaq correlation.
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๐ Conclusion:
โจ ETH is bullish but overbought & consolidating near highs.
๐ฏ Best setup: buy pullback to $2,880โ$2,840 for good risk-reward.
๐ซ Avoid chasing above $2,979 unless breakout is confirmed with strong volume.
โ๏ธ Aggressive shorts only near $2,985 with clear rejection signal.
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Reassess if price breaks $2,979.78 or $2,841.72.
๐ช Stay patient & disciplined! ๐
Trade from here ๐ $ETH
