🚀 $ETH Technical Analysis August 05, 2025: PRICE STANDS AT $3,592.99 WITH NEUTRAL MOMENTUM 📊
📊 Market Insight
• Current Price: $3,592.99 USDT
• Moving Averages (MAs) indicate a mixed trend with MA(7) at 3,625.17, MA(25) at 3,599.69, and MA(99) at 3,578.28, showing price near MA(25).
• Volume is notable at 530,684.21 ETH (1.94B USDT), with a 1.48% decline suggesting cautious market activity.
• MACD shows a bullish shift with DIF at -6.32 and DEA at -13.90, MACD at 20.22, indicating potential upward momentum.
• RSI values suggest a neutral zone, with RSI(6) at 46.65, indicating balanced momentum with room for movement.
📊 Important Levels to Watch
🔼 Resistance Levels:
$3,774.47
$3,904.89
🔽 Support Levels:
$3,354.28
$3,252.81
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $3,774.47
☑️ Entry Point: $3,775.00 (enter if price breaks above $3,774.47 with bullish momentum confirmation)
🎯 Price Target:
TP1: $3,904.89
🛑 Stop Loss: $3,770.00 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above $3,774.47, an increase in volume, RSI(6) rising above 50, 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: $3,252.81
🛑 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 neutral momentum with a 1.48% decline and a balanced RSI(6). A breakout above $3,774.47 could signal an uptrend, while a drop below $3,354.28 might indicate further downside. Monitor volume and RSI for confirmation before entering positions.
