🚀 $ETH Technical Analysis July 11, 2025: PRICE STANDS AT $2,991.21 WITH BULLISH MOMENTUM 📈
📊 Market Insight • Current Price: 2,991.21 USDT • Moving Averages (MAs) show a bullish trend with MA(7) at 2,866.79, MA(25) at 2,683.85, and MA(99) at 2,533.54, indicating strong upward momentum. • Volume has increased, reflecting robust buying activity. • MACD shows a bullish trend with DIF at 100.01 and DEA at 71.10. • RSI values are in the overbought territory (RSI(6): 93.74, RSI(12): 88.58, RSI(24): 79.93).
📊 Important Levels to Watch 🔼 Resistance Levels: 3,025.61 3,100.00 3,200.00 🔽 Support Levels: 2,831.77 2,637.94 2,487.95
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $3,025.61 ☑️ Entry Point: $3,030.00 (enter if price breaks above 3,025.61 with bullish momentum confirmation) 🎯 Price Target: TP1: $3,100.00 TP2: $3,200.00 🛑 Stop Loss: $3,015.00 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 3,025.61, an increase in volume, RSI(6) remaining above 90, and MACD showing a bullish crossover with DIF rising above DEA.
🐻 Bearish Trade Setup: Reversal below $2,831.77 ☑️ Entry Point: $2,820.00 (enter if price drops below 2,831.77 with bearish momentum confirmation) 🎯 Price Target: TP1: $2,637.94 TP2: $2,487.95 🛑 Stop Loss (SL): $2,840.00 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 2,831.77, a decline in volume, RSI(6) dropping below 85, and the MACD showing a bearish trend with DIF falling below DEA.
📌 Suggestion to Open Positions Today: The current price action indicates a strong bullish trend with significant volume and overbought RSI levels, suggesting potential for further gains if $3,025.61 is breached. However, the high RSI signals a risk of pullback. Consider a long position with confirmation above $3,025.61, using tight stop losses due to overbought conditions. A drop below $2,831.77 could lead to a decline toward $2,637.94.
