๐ $ETH Technical Analysis July 31, 2025: PRICE STANDS AT $3,792.12 WITH BULLISH MOMENTUM ๐
๐ Market Insight โข Current Price: $3,792.12 USDT โข Moving Averages (MAs) indicate a bullish trend with MA(7) at 3,817.95, MA(25) at 3,820.21, and MA(99) at 3,642.21, showing price below short-term MAs but above long-term. โข Volume is notable at 267K (2.14B USDT), with a slight increase suggesting growing buying pressure. โข MACD shows a bullish trend with DIF at 14.06 and DEA at 15.84, indicating potential upward momentum. โข RSI values suggest a neutral zone, with RSI(6) at 43.16, indicating room for further movement.
๐ Important Levels to Watch ๐ผ Resistance Levels: $3,817.95 $3,941.00 $3,962.91 ๐ฝ Support Levels: $3,642.21 $3,502.85
๐ก TRADE PLANS: ๐ Bullish Trade Setup: Reversal above $3,817.95 โ๏ธ Entry Point: $3,820.00 (enter if price breaks above $3,817.95 with bullish momentum confirmation) ๐ฏ Price Target: TP1: $3,941.00 TP2: $3,962.91 ๐ Stop Loss: $3,810.00 (below the resistance to manage risk) โ ๏ธ Confirmation: Look for a strong bullish candle close above $3,817.95, an increase in volume, RSI(6) rising above 50, and MACD showing a bullish crossover.
๐ป Bearish Trade Setup: Breakdown below $3,642.21 โ๏ธ Entry Point: $3,640.00 (enter if price drops below $3,642.21 with bearish momentum confirmation) ๐ฏ Price Target: TP1: $3,502.85 ๐ Stop Loss: $3,700 (above the current support) โ ๏ธ Confirmation: Watch for a strong bearish candle close below $3,642.21, a decline in volume, RSI(6) dropping below 40, and the MACD confirming bearish momentum.
๐ Suggestion to Open Positions Today: The current price action reflects bullish momentum with a 0.11% rise and a bullish MACD shift. A breakout above $3,817.95 could lead to further gains, while a drop below $3,642.21 might signal a reversal. Monitor RSI for overbought conditions and volume for momentum shifts before entering positions.
