🟣 Ethereum Analysis ($ETH ) – 16/07/2025

🔸 Current Price: $3,344

🔸 Change in 24 Hours: +8.4%

🔸 Trading Volume: Very High with Momentum Returning

📈 Technical Situation:

• ETH broke the "Ascending Triangle" pattern, which gives a strong signal for the possibility of continued upward movement.

• The price is above all averages (EMA 20/50/200) on the daily timeframe.

• Momentum is in favor of buyers (RSI > 60 + Positive MACD Cross).

⸻

🎯 Trading Plan (Scalp & Swing)

🔹 First Entry (Early Entry on Correction):

✅ Area: $3,270 – $3,290

🎯 First Target: $3,400

🛑 Stop Loss: $3,220

🔹 Second Entry (Confirmation of Resistance Break):

✅ Area: $3,370 – $3,390 (Entry after breaking resistance)

🎯 Target: $3,500 then $3,750

🛑 Stop Loss: Close below $3,300

🔹 Third Entry (Quick Trade):

✅ Area: $3,310 – $3,320 (Between the 20 and 50 moving averages)

🎯 Quick Target: $3,380 – $3,400

🛑 Stop: Below $3,250

What do you think?