🚀 $ETH Technical Analysis July 17, 2025: PRICE STANDS AT $3,369.50 WITH STRONG BULLISH MOMENTUM 📈
📊 Market Insight • Current Price: 3,369.50 USDT • Moving Averages (MAs) indicate a strong bullish trend with MA(7) at 3,287.52, MA(25) at 3,091.99, and MA(99) at 2,753.33, showing sustained upward pressure. • Volume is solid at 1.16M ETH, reflecting significant trading activity. • MACD shows a bullish trend with DIF at 110.84 and DEA at 84.42, indicating strong momentum. • RSI values are in a neutral to overbought zone, suggesting robust momentum but nearing overbought conditions.
📊 Important Levels to Watch 🔼 Resistance Levels: 3,425.00 3,470.65 3,500.00 🔽 Support Levels: 3,265.47 3,060.28 3,000.00
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $3,425.00 ☑️ Entry Point: $3,427.00 (enter if price breaks above 3,425.00 with bullish momentum confirmation) 🎯 Price Target: TP1: $3,470.65 TP2: $3,500.00 🛑 Stop Loss: $3,420.00 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 3,425.00, an increase in volume, RSI(6) rising above 80, and MACD showing a bullish crossover with DIF rising further above DEA.
🐻 Bearish Trade Setup: Reversal below $3,265.47 ☑️ Entry Point: $3,263.00 (enter if price drops below 3,265.47 with bearish momentum confirmation) 🎯 Price Target: TP1: $3,060.28 TP2: $3,000.00 🛑 Stop Loss (SL): $3,270.00 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 3,265.47, a decline in volume, RSI(6) dropping below 50, and the MACD showing a bearish trend with DIF falling below DEA.
📌 Suggestion to Open Positions Today: The current price action shows strong bullish momentum with the price well above key moving averages and a rising RSI. A breakout above $3,425.00 could signal further gains, while a drop below $3,265.47 might indicate a reversal. Monitor volume and RSI closely, as the RSI nearing overbought levels suggests caution.
