🚀 $ETH Technical Analysis July 02, 2025: PRICE STANDS AT $2,408.97 WITH BEARISH MOMENTUM 📉
📊 Market Insight • Current Price: 2,408.97 USDT • Moving Averages (MAs) indicate a bearish trend. • Volume has decreased, suggesting reduced market activity and potential waning buying pressure. • MACD shows a bearish trend. • RSI values are in the neutral territory.
📊 Important Levels to Watch 🔼 Resistance Levels: 2,420.91 2,476.39 2,531.87 🔽 Support Levels: 2,373.00 2,365.43 2,324.30
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Reversal above $2,420.91 ☑️ Entry Point: $2,422.00 (enter if price breaks above 2,420.91 with bullish momentum confirmation) 🎯 Price Target: TP1: $2,476.39 TP2: $2,531.87 🛑 Stop Loss: $2,417.00 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 2,420.91, an increase in volume, RSI(6) rising above 50, and MACD showing a bullish crossover with DIF rising above DEA.
🐻 Bearish Trade Setup: Breakdown below $2,373.00 ☑️ Entry Point: $2,370.00 (enter if price drops below 2,373.00 with bearish momentum confirmation) 🎯 Price Target: TP1: $2,365.43 TP2: $2,324.30 🛑 Stop Loss (SL): $2,423.00 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2,365.43, a decline in volume, RSI(6) dropping below 40, and the MACD showing a bearish trend with DIF falling below DEA.
📌 Suggestion to Open Positions Today: The neutral-to-oversold RSI and persistent bearish MACD indicate a potential for further decline unless buying pressure returns. A breakdown below $2,373.00 could target $2,365.43 or lower, while a reversal above $2,420.91 might signal a recovery toward $2,476.39. Given the current bearish trend and oversold RSI, a cautious bearish approach is favored, but watch for signs of a bullish reversal. Wait for confirmation signals before entering trades, and use tight stop losses due to the volatile market conditions.
