๐ $ETH Technical Analysis October 07, 2025: PRICE STANDS AT $4,498.08 WITH BEARISH SHORT-TERM PRESSURE BUT LONG-TERM BULLISH SUPPORT AND OVERSOLD INDICATORS ๐
๐ Market Insight โข Current Price: $4,498.08 USDT โข Moving Averages (EMAs) display mixed signals, with the price below short-term EMAs, signaling recent downside momentum, but above longer-term EMAs, indicating sustained underlying bullish trend. โข Volume is robust, showing heightened trading activity during the pullback. โข RSI levels suggest oversold conditions on shorter periods, hinting at potential seller exhaustion and a possible rebound if support holds.
๐ Important Levels to Watch ๐ผ Resistance Levels: $4,550.00 $4,600.00 $4,755.00 ๐ฝ Support Levels: $4,477.00 $4,400.00 $4,346.00
๐ก TRADE PLANS: ๐ Bullish Trade Setup: Recovery above $4,550.00 โ๏ธ Entry Point: $4,551.00 (enter if price breaks above $4,550.00 with bullish momentum confirmation) ๐ฏ Price Target: TP1: $4,600.00 TP2: $4,755.00 ๐ Stop Loss: $4,450.00 (below EMA25 to manage risk) โ ๏ธ Confirmation: Look for a strong bullish candle close above $4,550.00, surging volume, RSI(6) climbing above 40, and price reclaiming short-term EMAs.
๐ป Bearish Trade Setup: Breakdown below $4,477.00 โ๏ธ Entry Point: $4,476.00 (enter if price falls below $4,477.00 with bearish momentum confirmation) ๐ฏ Price Target: TP1: $4,400.00 TP2: $4,346.00 ๐ Stop Loss: $4,520.00 (above recent highs) โ ๏ธ Confirmation: Watch for a strong bearish candle close below $4,477.00, increasing downside volume, RSI(6) below 30, and failure to hold above EMA99.
๐ Suggestion to Open Positions Today: Ethereum has corrected to $4,498.08 after touching a 24h high, now testing support. Elevated volume indicates market participation, and a bounce toward $4,755.00 could materialize if buyers defend current levels. Conversely, a breach below $4,477.00 might lead to deeper retracement to $4,346.00. Await RSI divergence or volume confirmation before committing to trades.
