🚀 $ETH Technical Analysis July 16, 2025: PRICE STANDS AT $3,135.62 WITH BULLISH MOMENTUM 📈
📊 Market Insight • Current Price: 3,135.62 USDT • Moving Averages (MAs) indicate a bullish trend with MA(7) at 3,061.27, MA(25) at 3,004.18, and MA(99) at 2,703.35, showing price above key averages. • Volume is at 28.265,7879 (24h Vol/USDT 2.53B), reflecting strong trading activity. • MACD shows a bullish trend with DIF at 56.71 and DEA at 51.44. • RSI values are in a neutral to overbought zone (RSI(6): 74.88, RSI(12): 70.45, RSI(24): 68.88), suggesting caution for potential overextension.
📊 Important Levels to Watch 🔼 Resistance Levels: 3,152.53 3,183.98 3,300.00 🔽 Support Levels: 3,037.87 2,891.77 2,610.00
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $3,152.53 ☑️ Entry Point: $3,155.00 (enter if price breaks above 3,152.53 with bullish momentum confirmation) 🎯 Price Target: TP1: $3,183.98 TP2: $3,300.00 🛑 Stop Loss: $3,145.00 (below resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 3,152.53, increased volume, RSI(6) holding above 75, and MACD showing a bullish crossover.
🐻 Bearish Trade Setup: Reversal below $3,037.87 ☑️ Entry Point: $3,035.00 (enter if price drops below 3,037.87 with bearish momentum confirmation) 🎯 Price Target: TP1: $2,891.77 TP2: $2,610.00 🛑 Stop Loss (SL): $3,045.00 (above the support) ⚠️ Confirmation: Watch for a strong bearish candle close below 3,037.87, a decline in volume, RSI(6) dropping below 70, and MACD showing a bearish trend.
📌 Suggestion to Open Positions Today: The current price action shows strong bullish momentum with the price breaking above recent highs and supported by moving averages. A breakout above $3,152.53 could lead to further gains, but the high RSI suggests a potential pullback. Monitor volume and RSI closely for confirmation before entering any positions.
