🚀 $ETH Technical Analysis July 07, 2025: PRICE STANDS AT $2,576.99 WITH BULLISH MOMENTUM 📈
📊 Market Insight • Current Price: 2,576.99 USDT • Moving Averages (MAs) show a bullish trend with MA(7) at 2,571.32, MA(25) at 2,547.16, and MA(99) at 2,543.52, indicating short-term upward pressure. • Volume has increased to 310,595.89 ETH (24h Vol/USDT 784.03M), suggesting strong buying activity. • MACD shows a bullish trend with DIF at 13.95 and DEA at 12.73. • RSI values are in the neutral territory (RSI(6): 63.25, RSI(12): 62.91, RSI(24): 59.93).
📊 Important Levels to Watch 🔼 Resistance Levels: 2,610.86 2,650.00 2,700.00 🔽 Support Levels: 2,525.02 2,482.09 2,487.95
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $2,610.86 ☑️ Entry Point: $2,612.00 (enter if price breaks above 2,610.86 with bullish momentum confirmation) 🎯 Price Target: TP1: $2,650.00 TP2: $2,700.00 🛑 Stop Loss: $2,605.00 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 2,610.86, an increase in volume, RSI(6) rising above 70, and MACD showing a bullish crossover with DIF rising above DEA.
🐻 Bearish Trade Setup: Reversal below $2,525.02 ☑️ Entry Point: $2,523.00 (enter if price drops below 2,525.02 with bearish momentum confirmation) 🎯 Price Target: TP1: $2,482.09 TP2: $2,487.95 🛑 Stop Loss (SL): $2,530.00 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 2,525.02, 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 current price action indicates a bullish trend with strong volume support and a positive MACD. A breakout above $2,610.86 could target $2,650.00, while a drop below $2,525.02 may lead to a decline toward $2,482.09. Given the bullish momentum, consider entering a long position with confirmation signals and use appropriate stop losses due to potential volatility.
