🚀 $ETH Technical Analysis August 04, 2025: PRICE STANDS AT $3,666.76 WITH BULLISH RECOVERY 📈

📊 Market Insight
• Current Price: $3,666.76 USDT
• Moving Averages (MAs) indicate a potential reversal with MA(7) at 3,583.00, MA(25) at 3,576.20, and MA(99) at 3,570.63, showing price above all MAs.
• Volume is significant at 393,639.10 ETH (1.40B USDT), with a 5.66% increase suggesting strong buying interest.
• MACD shows a bullish shift with DIF at -19.25 and DEA at -50.38, MACD at 31.13, indicating growing upward momentum.
• RSI values suggest a neutral zone, with RSI(6) at 84.03, indicating possible overbought conditions but strong momentum.

📊 Important Levels to Watch
🔼 Resistance Levels:

$3,768.97
$3,904.89

🔽 Support Levels:
$3,354.28
$3,225.31

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $3,768.97
☑️ Entry Point: $3,770.00 (enter if price breaks above $3,768.97 with bullish momentum confirmation)
🎯 Price Target:
TP1: $3,904.89
🛑 Stop Loss: $3,760.00 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above $3,768.97, an increase in volume, RSI(6) holding above 80, and MACD showing a bullish crossover.

🐻 Bearish Trade Setup: Drop below $3,354.28
☑️ Entry Point: $3,350.00 (enter if price falls below $3,354.28 with bearish momentum confirmation)
🎯 Price Target:
TP1: $3,225.31
🛑 Stop Loss: $3,360.00 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below $3,354.28, a decline in volume, RSI(6) dropping below 30, and the MACD confirming bearish momentum.

📌 Suggestion to Open Positions Today:
The current price action reflects a bullish recovery with a 5.66% gain and a high RSI(6). A breakout above $3,768.97 could lead to further gains, while a drop below $3,354.28 might signal a reversal. Monitor volume and RSI for confirmation before entering positions.

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