🚀 $ETH Technical Analysis July 21, 2025: PRICE STANDS AT $3,790.89 WITH STRONG BULLISH MOMENTUM 📈
📊 Market Insight • Current Price: 3,790.89 USDT • Moving Averages (MAs) indicate strong bullish momentum with MA(7) at 3,752.30, MA(25) at 3,601.07, and MA(99) at 3,019.91, showing a clear upward trend. • Volume is solid at 869,368.48 ETH (3.26B USDT), reflecting significant trading activity. • MACD shows a bearish divergence with DIF at 123.10 and DEA at 123.79, indicating a potential slowdown despite the upward trend. • RSI values are in a slightly overbought zone, with RSI(6) at 81.03, suggesting strong momentum but possible overextension.
📊 Important Levels to Watch 🔼 Resistance Levels: 3,889.19 4,000.00 4,200.00 🔽 Support Levels: 3,700.00 3,602.38 3,500.00
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $3,889.19 ☑️ Entry Point: $3,890.00 (enter if price breaks above 3,889.19 with bullish momentum confirmation) 🎯 Price Target: TP1: $4,000.00 TP2: $4,200.00 🛑 Stop Loss: $3,885.00 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 3,889.19, an increase in volume, RSI(6) remaining above 70, and MACD showing a bullish crossover.
🐻 Bearish Trade Setup: Reversal below $3,700.00 ☑️ Entry Point: $3,698.00 (enter if price drops below 3,700.00 with bearish momentum confirmation) 🎯 Price Target: TP1: $3,602.38 TP2: $3,500.00 🛑 Stop Loss (SL): $3,705.00 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 3,700.00, a decline in volume, RSI(6) dropping below 50, and the MACD showing a bearish trend.
📌 Suggestion to Open Positions Today: The current price action exhibits strong bullish momentum, supported by rising MAs and volume. A breakout above $3,889.19 could drive further gains, but the MACD divergence suggests caution. A drop below $3,700.00 might signal a reversal. Monitor RSI for overbought conditions and MACD for momentum shifts before entering positions.
