๐ $ETH Technical Analysis July 14, 2025: PRICE STANDS AT $3,017.90 WITH BULLISH MOMENTUM ๐
๐ Market Insight โข Current Price: 3,017.90 USDT โข Moving Averages (MAs) show a bullish trend with MA(7) at 2,979.20, MA(25) at 2,930.77, and MA(99) at 2,623.58, indicating strong upward momentum. โข Volume is at 409,086.38 ETH (24h Vol/USDT 1.22B), reflecting high trading activity. โข MACD shows a bearish divergence with DIF at 63.39 and DEA at 71.76. โข RSI values are in an overbought zone (RSI(6): 72.95, RSI(12): 70.91, RSI(24): 70.08).
๐ Important Levels to Watch ๐ผ Resistance Levels: 3,068.45 3,071.26 3,100.00 ๐ฝ Support Levels: 2,974.24 2,860.11 2,651.78
๐ก TRADE PLANS: ๐ Bullish Trade Setup: Breakout above $3,068.45 โ๏ธ Entry Point: $3,070.00 (enter if price breaks above 3,068.45 with bullish momentum confirmation) ๐ฏ Price Target: TP1: $3,071.26 TP2: $3,100.00 ๐ Stop Loss: $3,065.00 (below the resistance to manage risk) โ ๏ธ Confirmation: Look for a strong bullish candle close above 3,068.45, an increase in volume, RSI(6) remaining above 75, and MACD showing a bullish crossover with DIF rising above DEA.
๐ป Bearish Trade Setup: Reversal below $2,974.24 โ๏ธ Entry Point: $2,970.00 (enter if price drops below 2,974.24 with bearish momentum confirmation) ๐ฏ Price Target: TP1: $2,860.11 TP2: $2,651.78 ๐ Stop Loss (SL): $2,980.00 (above the current support) โ ๏ธ Confirmation: Watch for a strong bearish candle close below 2,974.24, a decline in volume, RSI(6) dropping below 70, and the MACD showing a bearish trend with DIF falling below DEA.
๐ Suggestion to Open Positions Today: The current price action indicates strong bullish momentum with the price above key moving averages and RSI in overbought territory. A breakout above $3,068.45 could signal further gains, while a drop below $2,974.24 might indicate a reversal. Monitor volume and MACD closely for confirmation before entering any positions.
