🚀 $ETH Technical Analysis July 23, 2025: PRICE STANDS AT $3,607.29 WITH BEARISH MOMENTUM 📉
📊 Market Insight
• Current Price: 3,607.29 USDT
• Moving Averages (MAs) indicate a potential reversal with MA(7) at 3,687.96, MA(25) at 3,707.58, and MA(99) at 3,188.11, suggesting a short-term decline.
• Volume is significant at 711,029.46 ETH (2.62B USDT), with a recent drop indicating reduced buying pressure.
• MACD shows a bearish trend with DIF at 31.31 and DEA at 59.75, indicating fading momentum.
• RSI values are in a neutral zone, with RSI(6) at 46.89 (estimated), suggesting no strong overbought or oversold conditions yet.
📊 Important Levels to Watch
🔼 Resistance Levels:
3,800.00
3,860.00
4,000.00
🔽 Support Levels:
3,500.00
3,400.00
3,300.00
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Reversal above $3,800.00
☑️ Entry Point: $3,820.00 (enter if price breaks above 3,800.00 with bullish momentum confirmation)
🎯 Price Target:
TP1: $3,860.00
TP2: $4,000.00
🛑 Stop Loss: $3,780.00 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 3,800.00, an increase in volume, RSI(6) rising above 50, and MACD showing a bullish crossover.
🐻 Bearish Trade Setup: Breakdown below $3,500.00
☑️ Entry Point: $3,480.00 (enter if price drops below 3,500.00 with bearish momentum confirmation)
🎯 Price Target:
TP1: $3,400.00
TP2: $3,300.00
🛑 Stop Loss (SL): $3,520.00 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 3,500.00, a decline in volume, RSI(6) dropping below 30, and the MACD showing a bearish trend.
📌 Suggestion to Open Positions Today:
The current price action shows bearish momentum with a recent decline and weakening MAs. A breakdown below $3,500.00 could lead to further drops, while a reversal above $3,800.00 might signal a recovery. Monitor RSI for oversold conditions and MACD for momentum shifts before entering positions.
