🚀 $ETH Technical Analysis August 07, 2025: PRICE STANDS AT $3,833.25 WITH BULLISH MOMENTUM 📈
📊 Market Insight
• Current Price: $3,833.25 USDT
• Moving Averages (MAs) indicate a bullish trend with MA(7) at 3,737.53, MA(25) at 3,656.84, and MA(99) at 3,599.43, showing price above all key MAs.
• Volume is significant at 543,308 ETH (2.04B USDT), with a 4.98% increase, suggesting strong market interest and bullish activity.
• MACD shows a bullish trend with DIF at 44.52, DEA at 21.44, and MACD at 23.08, indicating increasing bullish momentum.
• RSI values suggest a neutral to overbought zone, with RSI(6) at 80.94, indicating strong bullish momentum with potential overextension.
📊 Important Levels to Watch
🔼 Resistance Levels:
$3,865.64
$3,904.89
$4,000.00
🔽 Support Levels:
$3,737.53
$3,656.84
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $3,865.64
☑️ Entry Point: $3,870.00 (enter if price breaks above $3,865.64 with bullish momentum confirmation)
🎯 Price Target:
TP1: $3,904.89
TP2: $4,000.00
🛑 Stop Loss: $3,850.00 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above $3,865.64, increasing volume, RSI(6) stabilizing above 80, and MACD showing a bullish crossover.
🐻 Bearish Trade Setup: Drop below $3,737.53
☑️ Entry Point: $3,730.00 (enter if price falls below $3,737.53 with bearish momentum confirmation)
🎯 Price Target:
TP1: $3,656.84
🛑 Stop Loss: $3,750.00 (above the support level)
⚠️ Confirmation: Watch for a strong bearish candle close below $3,737.53, declining volume, RSI(6) dropping below 70, and MACD confirming bearish momentum.
📌 Suggestion to Open Positions Today:
The current price action reflects strong bullish momentum with a 4.98% increase and an RSI(6) in overbought territory. A breakout above $3,865.64 could signal further upside, while a drop below $3,737.53 might indicate a pullback. Monitor volume and RSI for signs of overextension or reversal before entering positions.
