Discover the technical analysis for the currency ($ETH ) on the 1D frame, with key supports and resistances and upcoming price forecasts. Strong bullish momentum calls for vigilance!
🕒 Date: July 20, 2025
The Ethereum currency ($ETH ) has witnessed strong momentum in recent days, pushing the price above a series of important resistance levels, reflecting notable optimism from both investors and traders alike. This analysis will highlight ETH's position on the daily time frame, based on clear and reliable technical tools.
📈 General Trend: Bullish
The current price is trading near $3,600 after a clear breakout of the $3,480 level, which had formed a major resistance for a long time. This breakout was accompanied by strong momentum and high trading volume, enhancing the likelihood of continued upward movement.
🔍 Key technical levels:
• Main Support:
• $3,480 – support turning from broken resistance
• $3,300 – strong support from the ascending trend line
• Next Resistance:
• $3,648 – important psychological and technical barrier
• $3,705 – Fibonacci extension 1.618 on the previous correction wave
• $3,740 – historical resistance at last April's peak
📊 Technical Indicators:
• Moving Averages (EMA 21 / EMA 50):
The moving averages indicate a positive crossover and continued upward trend. The price is steadily moving above EMA21, indicating strong buying power.
• Relative Strength Index (RSI 14):
Currently in the range of 74–76, indicating overbought conditions, but not excessive yet. In case of a slight correction, it will be an opportunity for repositioning.
• MACD:
The indicator shows a continuous positive divergence, and the fast line is still above the slow line, indicating continued momentum.
⸻
🎯 Possible Scenarios:
1. Continued ascent:
If the level of $3,648 is broken with a clear daily candle close, the price is likely to target the following levels:
• TP1: $3,705
• TP2: $3,740
• TP3 (expansion): $3,880 in case of momentum acceleration
2. Technical correction:
In the event of reversal candles or a decline in RSI, we may witness a correction towards levels:
• $3,480
• $3,380 (second buying opportunity)
💡 Recommendations:
• Medium-term traders can monitor the area of $3,480 – $3,500 for entries after any slight correction.
• For those who prefer intraday trading (scalping), it is advised to follow up on 15m and 5m frames after breaking $3,648.
🧠 Final Note:
Ethereum still retains bullish characteristics as long as it maintains a daily close above $3,480. Continued positive momentum in the market supports targeting new price areas during this week.
