๐ $ETH Technical Analysis July 18, 2025: PRICE STANDS AT $3,604.24 WITH STRONG BULLISH MOMENTUM ๐
๐ Market Insight โข Current Price: 3,604.24 USDT โข Moving Averages (MAs) indicate strong bullish momentum, showing consistent upward pressure. โข Volume is solid at 1.20M ETH, reflecting active trading. โข MACD shows a bullish trend with DIF at 153.92 and DEA at 129.48, indicating growing momentum. โข RSI values are in a neutral to overbought zone, suggesting strong momentum but nearing potential overbought conditions.
๐ Important Levels to Watch ๐ผ Resistance Levels: 3,673.84 3,700.00 3,800.00 ๐ฝ Support Levels: 3,483.05 3,253.76 3,000.00
๐ก TRADE PLANS: ๐ Bullish Trade Setup: Breakout above $3,673.84 โ๏ธ Entry Point: $3,675.00 (enter if price breaks above 3,673.84 with bullish momentum confirmation) ๐ฏ Price Target: TP1: $3,700.00 TP2: $3,800.00 ๐ Stop Loss: $3,660.00 (below the resistance to manage risk) โ ๏ธ Confirmation: Look for a strong bullish candle close above 3,673.84, an increase in volume, RSI(6) rising above 70, and MACD showing a bullish crossover with DIF rising further above DEA.
๐ป Bearish Trade Setup: Reversal below $3,483.05 โ๏ธ Entry Point: $3,480.00 (enter if price drops below 3,483.05 with bearish momentum confirmation) ๐ฏ Price Target: TP1: $3,253.76 TP2: $3,000.00 ๐ Stop Loss (SL): $3,490.00 (above the current support) โ ๏ธ Confirmation: Watch for a strong bearish candle close below 3,483.05, a decline in volume, RSI(6) dropping below 50, and the MACD showing a bearish trend with DIF falling below DEA.
๐ 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 $3,673.84 could signal further upside, while a drop below $3,483.05 might indicate a reversal. Monitor volume and RSI closely, as the RSI nearing overbought levels suggests caution. Confirm momentum shifts before entering any positions.
