Ethereum (ETH) Technical Overview – July 19, 2025
Ethereum is currently trading around $3,551, showing signs of consolidation after its recent bullish rally.
🔹 Trend: ETH maintains a bullish structure on the daily chart, forming higher highs and higher lows. The price is holding above key moving averages, signaling continued upward momentum.
🔹 Candlestick Analysis: Recent candles show buying pressure around the $3,500 support zone, with long lower wicks suggesting strong dip-buying activity.
🔹 Fibonacci Levels (drawn from June low to July high):
0.382 level sits near $3,390
0.5 level near $3,280
0.618 level near $3,170
These levels may act as support in case of short-term retracements.
🔹 Resistance to Watch:
$3,650: Local resistance
$3,800: Break above this level could push ETH toward $4,000 psychological resistance.
🔹 Support Levels:
$3,500 (short-term)
$3,280–$3,170 (stronger Fibonacci support)
🧠 My Personal View: ETH is preparing for a potential breakout above $3,650. As long as it stays above $3,500, bulls are in control. However, a dip to the $3,280 zone could offer a healthy reset and buying opportunity.