Based on the data and analysis available until July 14, 2025, here's an overview of Ethereum's (ETH) performance and potential trading recommendations for this week. Please note that financial markets, especially cryptocurrencies, are highly volatile, so personal analysis and careful risk management should be conducted before making any trading decisions.
Overview of ETH Performance:
• Current Price: around $3,041.08 (according to CoinMarketCap) or $2,989.47 (according to Yahoo Finance) with slight differences depending on the source.
• Weekly Performance: ETH price rose by 17.17% to 21.41% over the past week, indicating strong bullish momentum.
• 24-hour Trading Volume: ranges from $15.04 billion to $24.36 billion, reflecting high trading activity.
• Market Capitalization: around $360.88 billion to $366.22 billion, making ETH the second largest cryptocurrency by market cap.
• Resistance and Support:
◦ Resistance: key levels at $3,181-$3,356, with a potential target at $3,500 if resistance is broken.
◦ Support: support levels at $2,810-$2,740, with strong support at $2,650 and $2,500.
Technical Analysis:
• Technical Indicators:
◦ RSI (Relative Strength Index): at 70.26, indicating that the market is in the overbought territory, which may signal a potential correction.
◦ MACD: positive and in an upward zone, supporting the current trend.
◦ Moving Averages: the price is above the 50-day moving average ($2,559.94), 100-day ($2,263.60), and 200-day ($2,488.44), reinforcing the buy signal.
• Chart Patterns:
◦ Bullish Flag pattern detected, indicating the possibility of continuing the bullish trend towards $3,500.
◦ Strong resistance at $2,900-$3,000, failing to break this level may lead to a correction to $2,740 or $2,650.
Trading Recommendations for This Week:
1 For bullish traders (Long Positions):
◦ Entry Point: wait for a clear breakout and hold above $2,905-$3,000 to confirm bullish momentum.
◦ Take Profit Targets:
▪ First Target: $3,181-$3,356.
▪ Second Target: $3,425-$3,500 (if resistance is broken).
◦ Stop Loss: at $2,650 or $2,500 to avoid losses in case of correction.
◦ Strategy: enter cautiously with a small allocation of capital (such as 25-30%) to avoid high risks, especially with overbought signals present.
2 For bearish traders (Short Positions):
◦ Entry Point: if the price fails to hold above $2,905 or shows a bearish reversal with negative divergence on the RSI.
◦ Profit Targets:
▪ First Target: $2,810-$2,740.
▪ Second Target: $2,500 if the correction continues.
◦ Stop Loss: at $3,050 to limit risks if the bullish trend continues.
◦ Note: the bearish scenario is currently less likely due to strong bullish momentum, so it is preferable to focus on bullish opportunities unless clear reversal signals emerge.
3 For long-term investors (HODLers):
◦ Strategy: wait for a potential correction to strong support areas ($2,500-$2,300) to accumulate positions, as these levels are relatively safe for long-term entry.
◦ Long-term Forecast: some analyses suggest that ETH could reach $5,000 in 2025 if the bullish momentum continues, supported by ETF inflows and network activity.
Influencing Factors:
• ETF Inflows: Ethereum exchange-traded funds (ETFs) have seen continuous positive inflows, boosting institutional demand.
• Gas Cap Proposal: Vitalik Buterin's proposal to reduce gas fees may affect market dynamics, so keep an eye on news related to this topic.
• Whale Activity: there are reports of significant movements from whales (such as transferring 62,000 ETH to exchanges), which may indicate potential selling pressure.
• General Market Trend: Bitcoin's rise to record levels ($119,000) supports Ethereum's bullish trend, but any market correction could affect ETH.
Warnings:
• Volatility: the cryptocurrency market is highly volatile, so avoid trading with your entire capital and use strict risk management.
• Personal Research: technical analyses are not guaranteed, so conduct your own analysis and ensure to follow economic and regulatory news.
• Legal Compliance: ensure that the exchange you are using is licensed and compliant with regulations in your country.
Reliable Sources to Follow ETH:
• TradingView: for chart analysis and technical indicators.
• CoinMarketCap or CoinGecko: for real-time price data.
• FXStreet: to follow news and analysis related to Ethereum.
• Reliable Trading Platforms: such as Binance, Coinbase, or Kraken.
If you need deeper analysis or specific trading strategies based on a certain time frame (like day trading or weekly trading), let me know and I will assist you with more details!